CME Group, the world’s largest derivatives market, said in a press release on Friday that it plans to introduce Solana (SOL) futures on March 17th to expand its suite of cryptocurrency derivatives. The new contract, a pending regulatory review, allows traders to manage SOL price risk on two contract sizes: 25 SOL and 500 SOL.
“We are pleased to announce that Giovanni Vicioso, global head of cryptocurrency products at CME Group,” said:
Using CME CF Solana-Dollar reference rates, the contract sets cash. CME already offers Bitcoin and ether futures, and has seen a significant increase in trading activities. This year, the company reported an average daily volume of 202,000 contracts, up 73% from 2024.
Industry leaders see this move as a step towards promoting institutional adoption of cryptocurrencies. Teddy Fusaro, president of Bitwise Asset Management, noted that CME’s crypto derivatives are helping to pave the way for regulated financial products, including ETFs. Kyle Samani of Multicoin Capital added that such products provide sophisticated investors with more tools to manage risk and exposure.
As Solana gains traction between developers and investors, the addition of Sol Futures highlights the growing demand for regulated crypto trading products. You can also open the way that Sol Exchange-Traded Funds (ETFs) are approved by the Securities and Exchange Commission (SEC).
Sui Chung, CEO of CF Benchmark, said:
“While the exact timeline for approval is difficult to identify, the SEC may want to see several months’ worth of trades in the CME, and will be pleased that futures correlate with the spot market before approving SOL’s ETF application.”
Disclaimer: Some of this article was generated with the support of AI tools and reviewed by our editorial team to ensure accuracy and compliance with the standards. For more information, see Coindesk’s complete AI policy.
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