A major international derivatives marketplace has revealed plans to introduce options on Solana (SOL) and XRP futures, targeting a launch date of October 13, 2025. This initiative is subject to regulatory approval.
The introduction of these options will allow clients to trade various futures products, including options on SOL, Micro SOL, XRP, and Micro XRP, with available expiration dates every business day, as well as options that expire monthly and quarterly.
According to a representative from the marketplace, the introduction of these contracts is a response to the noticeable growth and increased liquidity observed in their Solana and XRP futures offerings. By providing contracts in two different sizes, the marketplace aims to cater to a diverse group of market participants, including institutions and individual traders who are looking for more options and flexibility in managing their cryptocurrency exposure.
Since launching, the Solana and XRP futures have registered impressive adoption rates. For instance, over 540,000 Solana futures contracts have been executed, amounting to about $22.3 billion in notional value since their launch on March 17, 2025. August 2025 marked a record for Solana futures, with an average daily volume (ADV) of approximately 9,000 contracts and an average daily open interest (ADOI) of around 12,500 contracts.
Similarly, the XRP futures have been well-received, with more than 370,000 contracts traded, representing a notional value of about $16.2 billion since their debut on May 19, 2025. Notable trading metrics for XRP futures in August 2025 included an ADV of 6,600 contracts and a record ADOI of 9,300 contracts.
Overall, the decision to launch options on these cryptocurrencies can be seen as a strategic move to enhance the trading ecosystem around Solana and XRP, providing tools for better risk management and creating diverse opportunities for participants in the increasingly popular digital asset markets.