2025-03-14
CME Group, a major marketplace for
financial trading, will be launching Solana (SOL) futures on March 17, on the
Chicago Mercantile Exchange (CME), a US derivatives exchange.
It will be among the first
regulated Solana futures to hit the US market after Coinbase’s launched in
February.
Traders can choose between two contract
sizes: a small one (25 SOL) and a large one (500 SOL).
Giovanni Vicioso, CME Group’s Head of
Cryptocurrency Products, said that the launch is in response to growing demand
for regulated tools to manage cryptocurrency price risks.
As Solana gains popularity among
developers and investors, these futures will help them invest and hedge more
efficiently.
The SOL futures will be settled in cash
based on the CME CF Solana-Dollar Reference Rate, which tracks Solana’s price
in U.S. dollars once a day at 4:00 p.m. London time.
These new contracts will join CME
Group’s existing crypto products, which include Bitcoin and Ethereum futures.
So far this year, CME’s crypto trading has seen:
Teddy Fusaro, President of Bitwise
Asset Management, said this is an important step for the cryptocurrency market.
He praised CME Group’s role in making
crypto more mainstream and said SOL futures could help pave the way for more
regulated financial products like ETFs.
Kyle Samani, Co-Founder of Multicoin
Capital, highlighted that investors need better tools to manage risk as the
crypto market grows. SOL futures will help investors handle market fluctuations
with less upfront capital.
Elad Even-Chen, CFO of Plus500, said
these new futures will benefit retail traders by giving them more ways to
manage their crypto investments.
SOL futures will follow CME Group’s
trading rules. For more details, visit www.cmegroup.com/sol.
CME Group is a leading marketplace for
trading futures, options, and other financial products.
It allows clients to manage risk and
take advantage of market opportunities across various asset classes, including
stocks, currencies, and commodities.
