Singapore – Institutional investors quickly adopt the future of CME for and Solana Both launched earlier this year, in parallel with regular Bitcoin growth and ether Derivatives, according to Tim McCourt, the world chief of Equity & Fx products of exchange.
Speaking at the current token2049 conference attended by Coindesk, McCourt said that Total Crypto Futures Open Interest, a key indicator of institutional activity, has doubled from year to year, now reaching 30 to 35 billion dollars per day. Above all, this growth is not driven only by Bitcoin.
The term contracts on CME money have long served as a choice for institutions wishing to expose to cryptocurrencies thanks to regulated products, without having to own the tokens directly.
The term contracts are standardized, legally binding agreements between two parties to buy or sell an asset at a fixed price at a specific future date. The open interest refers to the number of active contracts at any time, often expressed in value in dollars.
“When we look at the new future that we have recently introduced this year, XRP and Sol, they also benefit from institutional adoption, with an open interest in record heights,” said McCourt during the panel, “institutional takes place in digital assets.”
Soil and XRP go up to $ 1 billion on the brand OI
The standard Solana-term Solana contract, dimensioned at the 500-soil, made its debut in mid-March and crossed the notional interest mark of $ 1 billion in August. The term contracts linked to the XRP focused on payments crossed this threshold in August, only three months after starting to negotiate with a standard contract size of 50,000 XRP.
“The speed at which Solana accumulates open interest is really interesting. Sol has taken about five months to strike the billion [OI] Mark, compared to Ether, who took about eight months. Meanwhile, BTC has taken three years, “said McCourt.
He also took note of record activity in future ether options. Tuesday, the interest opened in Ether future contract, of 50 ETH, stood at $ 9.05 billion, having reached a peak for life of $ 10.42 billion in August.
Futures Ether began to negotiate on the CME at the beginning of 2021. The interest opened in the Ether options also reached a record summit of more than a billion dollars in September.
“While the crypto is hot, the ether is certainly hot in the CME. We see an open record interest, a volume of trading of recordings, both in standard and micro-tail contracts,” noted McCourt.
Future CMEs contribute to the discovery of prices
The availability of term contracts on regulated cryptography, as well as the beginnings of ETF Spot in the United States, brought greater legitimacy and transparency to the market, attracting more institutional capital and increasing the overall liquidity of the market.
The term contracts on CME money allow large investors to cover risks, speculate and establish arbitration games, effectively managing their clear exposure.
These term contracts therefore contribute to the discovery of prices, reduce volatility thanks to an ordered trading mechanism and open the way to the broader adoption of digital assets on the traditional markets.
Stablecoins as partners in traditional banks
The panel also included a discussion on the impact of ETF and Stablecoins, starring the ideas of the CEO of Binance Richard Teng, of the CEO of Bitwise Asset Management Hunter Horsley, and Heath Tarbert, president of Circle, the transmitter of the USDC, the second largest stablecoin in the world.
Tarbert said that stablecoins are ideal partners for traditional banks, stressing the importance of legal and regulatory clarity.
He added that stablecoins like the USDC can help banks integrate and offer tokenized versions of their loan products, stressing that these dollar tokens are not competitors of banks but ways to create new financial products.
Outside said that 2025 marks the beginning of the dominant era for the crypto while Teng has highlighted different waves of institutional interest.
