CME Exchange Focuses on Utility-Driven Crypto Derivatives, Sidelines Meme Coins

CME Group, the world's largest derivatives exchange, is intentionally steering clear of meme coins such as Dogecoin (DOGE) and Trump Coin (TRUMP) in favor of cryptocurrencies with proven utility. Gio Vicioso, CME's global head of cryptocurrency products, emphasized this approach, noting that the exchange only introduces products linked to tokens with tangible real-world applications.

Instead, the Chicago-based exchange is broadening its crypto derivatives offerings with blockchain infrastructure tokens. Recent additions include solana (SOL) and XRP futures, which have seen impressive trading volumes. SOL futures amassed nearly $5 billion in cumulative volume within months, while XRP futures achieved a record $235 million in daily volume last Friday.

CME's crypto derivatives follow a traditional trading schedule with daily maintenance breaks, contrasting with the 24/7 nature of spot crypto markets. This institutional strategy comes as asset managers like VanEck pursue meme coin ETPs—a divergence highlighting the growing divide between speculative and utility-driven crypto products.