“We’re looking at it,” said Shah in her statement at the CryptoCompare Digital Asset Summit. “We get a number of client requests for anything outside the top two—Solana, Cardano.”It is important to note that these “altcoins” have made their way into the top 10 cryptocurrencies in the market and their popularity is no lesser than that of the world’s top two cryptocurrencies, Bitcoin and Ethereum. Hence, it is natural that customers demand SOL and ADA-based futures from CME.
On the other hand, Shah also pointed out that CME has two things that need to be figured out before releasing the SOL and ADA futures. Firstly, she said that “we need to know where to send the paperwork,” citing regulatory issues, and secondly, she also explained that the futures contracts of CME rely on the data of 5 different exchanges so that outage of one doesn’t affect the futures contract’s prices.
Moreover, it is also important to note that the exchange also confirmed the launch of micro Bitcoin futures in May last year. This micro future from CME aimed to cover 1/10th the price of 1 BTC.
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