The Chicago Mercantile Exchange (CME Group) has introduced Trading at Settlement (TAS) for Solana (SOL), Micro Solana, XRP, and Micro XRP futures. This new facility aims to provide traders with greater flexibility to better manage settlement risk. TAS allows traders to buy and sell at or near the settlement price at the end of the trading day, aiding in precise hedging and reducing financial risks during settlement. This feature is particularly relevant in the cryptocurrency futures market, where prices can be highly volatile, increasing the need for advanced trading tools. As one of the world’s largest futures and options exchanges, CME Group has previously launched Bitcoin and Ethereum futures and is now diversifying its offerings by adding innovative trading options for popular cryptocurrencies like Solana and XRP. The addition of TAS to the crypto futures market offers traders enhanced accuracy and control, which is crucial amid sudden market price changes. However, traders must still remain mindful of market volatility and potential financial risks. Following this introduction, it is expected that trading volumes for Solana and XRP futures on CME Group will increase, providing traders with greater ease during the settlement process.
Source: binance
