CME Group launched futures contracts for Cardano (ADA), Chainlink (LINK), and Stellar (XLM) on Feb. 9, bringing its regulated crypto derivatives suite to seven tokens and, by its own calculation, coverage of over 75% of total cryptocurrency market capitalization.
The 75% figure is based on CoinMarketCap data as of Feb. 13, 2026.
The exchange also disclosed that 2025 was a record year for its cryptocurrency products, with average daily open interest across the full suite reaching approximately $26.4 billion - a figure that reflects how much regulated institutional exposure to crypto has grown since CME listed its first bitcoin futures in 2017.
What Happened
The three new contracts - available in both standard and micro sizes - are cash-settled against CME CF Reference Rates.
First trades were executed between FalconX and Marex for the LINK and XLM contracts, and between Cumberland DRW and Wintermute for ADA.
CME also plans to introduce a Nasdaq CME Crypto Index futures product, targeted for March 16, pending regulatory approval.
Average daily volume across CME's crypto suite hit 278,300 contracts in 2025, equivalent to roughly $12 billion in notional value. That followed the 2025 addition of Solana and XRP futures and options, which CME said expanded demand for multi-asset crypto risk management tools.
Read also: Crypto Investment Products Pull $1B In Inflows, Ending A Five-Week, $4B Outflow Streak
Why It Matters
CME's expansion into second-tier altcoins reflects a deliberate institutional strategy rather than a momentum play.
The exchange noted that the new tokens maintain moderate-to-high correlations with bitcoin, ranging from 0.60 to 0.67, meaning they broadly track the market but still offer distinct risk-return profiles useful for hedging and spread trading.
Still, the timing is notable: ADA, LINK, and XLM launched into a softening market. All three tokens have underperformed relative to their 2021 peaks, and CME itself acknowledged bitcoin futures volumes and open interest declined toward year-end 2025 amid broader price weakness.
Whether institutional demand materializes for lower-liquidity altcoin contracts remains to be seen.
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