Coinbase Files for CFTC Approval to Offer Solana and Hedera Futures Coinbase Derivatives has filed with the US Commodity Futures Trading Commission to list futures contracts for Solana and Hedera.

This is the first futures product filing under CFTC Chair Caroline Pham amid a surge in crypto ETF and derivatives filings.

Coinbase Derivatives, a subsidiary of Coinbase launched in June 2021, is making a significant move to expand its offerings. On January 30, the entity filed for self-certification with the U.S. Commodity Futures Trading Commission (CFTC) to introduce futures contracts for Solana (SOL), the fifth largest cryptocurrency by market capitalization, and Hedera (HBAR).

With February 18 set as the targeted launch date, Coinbase submitted its request to CFTC’s Christopher Kirkpatrick, aiming to broaden its market presence and offer traders more diverse investment opportunities.$SOL