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

CME Group is taking a measured approach to crypto derivatives, clearly avoiding meme coins while expanding products for assets with real blockchain utility. The exchange's solana futures have hit $5 billion in volume, and XRP derivatives exceeded $2 billion—confirming its infrastructure-first strategy.

The company is assessing 24/7 trading options but remains firm in its rejection of Dogecoin, Shiba Inu, and other speculative tokens. "We see no viable trading framework for assets without functional purpose," the stance highlights, contrasting with some asset managers exploring meme coin ETPs.

CME's strategy reflects institutional demand for structured products linked to blockchain networks like ethereum and Solana rather than internet-driven hype. This selectivity comes as the exchange explores round-the-clock trading, balancing operational readiness with market demand for continuous crypto exposure.