The "CME" Group Launches Solana Futures Contracts, Enhancing Cryptocurrency Derivatives Further: Details
The CME Group has officially launched Solana (SOL) futures contracts, providing institutional investors with a new tool for investment and hedging in the cryptocurrency market.
The first trade was executed between “FalconX” and “StoneX”, reflecting an important step in the expansion of regulated derivatives in this sector.
This launch comes in response to the increasing demand for capital-efficient investment tools, as “Giovanni Viggiano”, Global Head of Cryptocurrency Products at “CME”, stated that the new contracts provide institutional investors with more options to organize their investments and manage risks.
The contracts are available in two sizes:
A mini contract (25 SOL) and a standard contract (500 SOL), with the first block transaction occurring on March 16.
Companies like “FalconX”, “StoneX”, and “Cumberland DRW” welcomed this move as a boost towards the maturity of the cryptocurrency derivatives market.
The settlement of these contracts in cash is based on the reference price of SOL against the dollar provided by CME CF, ensuring an accurate daily benchmark according to the company’s statement.
The launch of these contracts complements previous offerings from CME that include Bitcoin and Ethereum, amid growing institutional interest in digital assets in traditional finance.