CME launches futures on Solana🚨

On March 17, the largest regulated derivatives exchange, CME Group, will launch futures on Solana (SOL), pending approval from regulators.

💥 What will be available?

- Microcontracts — 25 SOL

- Standard contracts — 500 SOL

🔥 Why is this needed?

The launch of futures on Solana is a response to the growing interest from clients looking to hedge risks using regulated instruments. Solana continues to gain popularity among developers and investors, and the new derivatives will provide a convenient way to manage risks in the crypto market.

💡 What could this mean for the future?

This launch of futures is an important step toward the possible approval of spot ETFs on Solana. The SEC traditionally views the presence of a regulated futures market as a key factor for approving spot ETFs, opening up prospects for new investments and expanding opportunities for investors.

⏳ What's next?

Regulators are likely to monitor trading activity on CME for several months before making a final decision. This could lead to increased interest and liquidity in the Solana market.