CME Group to Launch Solana Futures as Demand for Crypto Derivatives Grows

CME Group, the world's largest derivatives marketplace, plans to present Solana (SOL) futures connected March 17, expanding its suite of cryptocurrency derivatives, it said successful a press release connected Friday. The caller contracts, pending regulatory review, volition let traders to negociate SOL terms hazard with 2 declaration sizes: 25 SOL and 500 SOL.

“With the motorboat of our caller SOL futures contracts, we are responding to expanding lawsuit request for a broader acceptable of regulated products,” said Giovanni Vicioso, CME Group’s Global Head of Cryptocurrency Products.

The contracts volition beryllium cash-settled, utilizing the CME CF Solana-Dollar Reference Rate, which tracks SOL’s terms regular astatine 4:00 p.m. London time. CME already offers bitcoin and ether futures, which person seen important maturation successful trading activity. The steadfast reported an mean regular measurement of 202,000 contracts this year, up 73% from 2024.

Industry leaders presumption the determination arsenic a measurement toward greater organization adoption of crypto. Teddy Fusaro, president of Bitwise Asset Management, noted that CME’s crypto derivatives person helped pave the mode for regulated fiscal products, including ETFs. Kyle Samani of Multicoin Capital added that specified products springiness blase investors much tools to negociate hazard and exposure.

With Solana gaining traction among developers and investors, the summation of SOL futures highlights the expanding request for regulated crypto trading products. It could besides pave the mode for SOL exchange-traded funds (ETFs) to beryllium approved by the Securities and Exchange Commission (SEC).

"CME’s determination to database SOL contracts contiguous importantly increases the anticipation that corresponding spot ETF applications could beryllium approved successful the foreseeable future," said Sui Chung, CEO of CF Benchmarks.

"While an nonstop timeline for support is hard to discern, it’s probable the SEC volition privation to spot respective months’ worthy of trading connected the CME and beryllium satisfied that the futures correlate with the spot marketplace earlier it looks to o.k. ETF applications for SOL."

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