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COINTURK NEWS > Altcoin News > CME Clarifies Misleading Information on XRP and Solana Futures
Altcoin News

CME Clarifies Misleading Information on XRP and Solana Futures

In Brief

  • CME denied information about XRP and Solana futures trading as incorrect.

  • The erroneous data led to temporary price increases in the cryptocurrency market.

  • CME emphasized reliance on official announcements for accurate information.

Ömer Ergin
Ömer Ergin 4 months ago
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The Chicago Mercantile Exchange (CME) announced that the information regarding XRP and Solana $168 (SOL) futures trading was released due to an error. A beta page on the company’s website included details indicating that futures contracts for these two altcoins would begin trading on February 10. However, CME clarified that this page was created during the testing phase, and no decisions regarding these altcoins have been made yet.

Contents
Accidental Publication Sparks ExcitementMarket Reaction and CME’s Warning

Accidental Publication Sparks Excitement

A CME spokesperson stated to CoinDesk that the information displayed on the test page was incorrect. The spokesperson commented, “One of the many drafts in the test environment was accidentally published. No decisions have been made regarding XRP or Solana futures contracts at this time.”

CME – XRP and Solana

This clarification followed a screenshot circulating on social media, which stated that regulated XRP and Solana futures would start on February 10. This news initially led to brief price increases, with XRP and SOL gaining about 3% after the announcement, though the gains quickly reversed.

Market Reaction and CME’s Warning

The cryptocurrency market reacted sharply to the mistakenly released information. News regarding newly regulated investment instruments is always closely monitored. However, CME advised market participants to rely solely on official announcements.

This incident highlighted the need for careful management of testing environments. The cryptocurrency market is inherently sensitive and prone to volatility concerning such information.

CME reiterated that no decisions have been made regarding XRP and Solana futures contracts at this time.

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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Ömer Ergin 23 January, 2025 - 9:35 am 23 January, 2025 - 9:35 am
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