CME Beta Website Leak Fuels XRP and Solana Futures Speculation
Chicago Mercantile Exchange‘s (CME) beta website recently sparked a stir in the cryptocurrency industry by revealing plans to introduce regulated futures contracts for XRP and Solana (SOL). CME has recently emphasized, nevertheless, that no formal decisions have been made regarding the inclusion of these future products and that the contents of the beta site were disclosed in error.
Crypto analyst Summers highlighted the changes to CME’s beta subdomain in a post on X, sparking speculation. Pages displayed the terms of contracts for Solana futures, which were set at 500 SOL, and XRP futures, which were planned to have a size of 50,000 XRP per contract. For both assets, micro-sized contracts with contract sizes of 2,500 XRP and 25 SOL were also provided. In addition, the beta pages included a tentative launch on February 10, subject to regulatory certification.
XRP and Solana Futures Rumors Debunked: CME’s Official Response
When cryptocurrency fans learned about the upgrades, the beta site breach initially attracted widespread notice. Summers, who frequently keeps an eye on these developments, pointed out that new products are frequently added to CME’s staging site prior to official announcements. James Seyffart, a Bloomberg ETF expert, swiftly concurred with his conclusions, speculating that the leak would indicate CME’s plans to increase its product offerings. Given regulatory precedents created by Bitcoin and Ethereum ETFs, Seyffart stressed the significance of CME listing XRP futures for any prospective XRP ETF clearance.
But CME addressed the rumors quickly. Eleanor Terrett of FOX Business contacted a CME representative, who explained that the beta site was an unintentionally publicized internal testing environment. The representatives said the changes were mock-ups.
A beta page from our website was released in error earlier today. Many mock-ups are included in that test environment. No decisions have been made regarding XRP or SOL futures contracts.
CME spokesperson
Regulated Crypto Futures Rumors Boost XRP and Solana by 3%
The market responded quickly even after CME clarified the situation. Both XRP and Solana prices increased by about 3% after the initial disclosure before leveling off. Given the increasing interest in cryptocurrency futures and ETFs, this indicates the market’s growing expectation for more regulated products linked to these assets.
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