CME Group, the largest derivatives marketplace globally, is set to launch Solana (SOL) futures on March 17, subject to regulatory approval. This addition to CME’s cryptocurrency derivatives aims to assist traders in managing SOL price risk with contract sizes of 25 SOL and 500 SOL.
“With the launch of our new SOL futures contracts, we are responding to increasing client demand for a broader set of regulated products,” stated Giovanni Vicioso, CME Group’s Global Head of Cryptocurrency Products.
What to Know:
- Solana (SOL) futures to launch on March 17, pending regulatory approval.
- Contracts will be cash-settled and based on CME CF Solana-Dollar Reference Rate.
- SOL futures enhance CME’s crypto product suite, which already includes Bitcoin and Ether derivatives.
The introduction of SOL futures is expected to promote further institutional adoption of cryptocurrency. Teddy Fusaro from Bitwise Asset Management indicated that these products facilitate regulated financial solutions like ETFs. Kyle Samani of Multicoin Capital noted that more sophisticated tools for risk and exposure management could result from this development.
As Solana gains popularity, the launch of futures highlights an increasing demand for regulated crypto trading products and may potentially lead to the approval of Solana exchange-traded funds (ETFs) by the Securities and Exchange Commission (SEC).
Sui Chung, CEO of CF Benchmarks, remarked, “CME’s decision to list SOL contracts today increases the likelihood that corresponding spot ETF applications could be approved soon.”
Disclaimer: Certain parts of this article were generated using AI tools and were reviewed for adherence to accuracy and standards.
