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CME Group set to debut Solana futures after early leak hints at XRP, SOL futures products
CME Group, the worldâs leading derivatives marketplace, announced today it will debut Solana (SOL) futures on March 17, subject to regulatory review. The move confirms in part information from an earlier leak on the exchangeâs staging website, which suggested XRP and Solana futures would launch on Feb. 10.
At the time, CME clarified that the leaked information was an error and no decisions had been made regarding XRP or SOL futures.
âWith the launch of our new SOL futures contracts, we are responding to increasing client demand for a broader set of regulated products to manage cryptocurrency price risk,â said Giovanni Vicioso, Global Head of Cryptocurrency Products at CME Group.
The contracts will be cash-settled based on the CME CF Solana-Dollar Reference Rate, calculated daily at 4:00 p.m. London time. The new offering joins CMEâs existing crypto product suite, which includes Bitcoin and Ether futures and options futures.
The companyâs crypto trading metrics show year-to-date average daily volume of 202,000 contracts, up 73% year-over-year, with average open interest of 243,600 contracts, up 55% year-over-year. More than 11,300 unique accounts are currently trading.
