CME Group, the world’s leading derivative marketplace, plans to launch Solana Futures on 17 March, pending regulator approval
Derivative marketplace Announced In a press release to the upcoming contracts on 28 February, saying that they will provide investors in a regulated manner to manage the price risk in Solana’s (SOL) market, which reflect the growing institutional demand for cryptocurrency derivatives.
The new contracts will be cache-settled and CME will be based on the reference rate of Solan-dollar, which calculates the daily US dollar value of Solana. Traders will have the option to choose between a micro contract (25 soul) and a standard contract (500 soul).
Gioovani Vicioso, a global head of cryptocurrency products in the CM Group, stated in a press release that the launch of Sol Futures is a reaction to the growing demand for regulated cryptocurrency trading options. He emphasized that as Solana increases in adoption, new futures contracts would provide investors a skilled way to manage risk and develop their strategies.
The announcement confirms the timeline for Sol Futures, after leakage from the CME Group’s beta website in January.
Solana futures add to the growing institutional interest
The introduction of Solan futures is another step in institutionalization of digital assets. The CME group already provides bitcoin (BTC) and Etreum (Eth) futures, and its crypto derivatives are looking into an increased activity.
According to the CME group, its Crypto Futures Market has increased an average daily amount of 73% year -on -year, with 202,000 contracts trading per day. Open interest has also increased by 55%, indicating increasing demand for regulated crypto investment products.
Teddy Fusaro, president of Bitwaise Asset Management, said the introduction of Sol Futures of CME Group shows its commitment to provide advanced business and risk management equipment for institutional investors and active traders.
Kyle Samani, co-founder of Multicin Capital, praised the CME group for pursuing Crypto Derivatives. In a press release, he said that Sol Futures align with the increasing demand for better trading tools. He said that due to the mature of digital assets, investors require a more efficient mechanism to achieve exposure and manage instability. These futures contracts, he said, find out that it is necessary to offer flexibility with low upfront costs.
The launch of Solan futures is still subject to regulatory approval and will be listed under the current trading framework of the CME group, offering a structured, regulated option for direct solana investment.
The expansion of the CME group in Solana Futures reflects the increasing confidence in the digital asset markets. If the demand follows the trajectory of bitcoin and atherium futures, the presence of Solana in institutional finance may see further growth.
