Coinbase Submits Application for Solana and Hedera Futures Listing
Crypto/Finance

Coinbase Submits Application for Solana and Hedera Futures Listing

Coinbase is preparing to offer futures for Solana and Hedera as early as February 18, following a filing with the CFTC.

Coinbase, a leading cryptocurrency exchange, has filed paperwork with the Commodity Futures Trading Commission (CFTC) to launch futures for Solana (SOL) and Hedera (HBAR). The company indicated that it aims to begin offering these products as soon as February 18, pending regulatory approval.

Key Details:

  • The Solana futures will have a contract size of 100 SOL, while the Hedera futures will consist of 5,000 HBAR.
  • If approved, contracts for Solana are anticipated to be valued around $24,000 at the time of launch.
  • The products are planned to be cash-settled on a monthly basis.

This filing emerges in an environment where the cryptocurrency market is adjusting to the policies of newly elected officials. Just last week, there was an unintentional release of information regarding futures for XRP and SOL by CME.

CME has clarified that the leak was inadvertent and that no commitments have been made about launching SOL or XRP futures.

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