CME Group Set to Launch Regulated Solana Futures
CME Group, a top derivatives marketplace, is set to introduce Solana futures on March 17, pending regulatory approval. This move aims to provide a regulated way for investors to manage Solana’s price risk.
The new contracts will be cash-settled and based on the CME Solana-Dollar Reference Rate.Traders can choose between a micro contract (25 SOL) and a standard contract (500 SOL).Giovanni Vicioso, CME Group’s global head of cryptocurrency products, said this launch responds to the growing demand for regulated crypto trading.
Solana futures are part of the increasing institutional interest in digital assets.CME group already offers Bitcoin and Ethereum futures, with its crypto derivatives market seeing a 73% rise in daily volume year over year.
- Average daily volume: 202,000 contracts
- Open interest growth: 55%
Teddy Fusaro, Bitwise Asset Management’s president, noted that CME Group’s SOL futures show its commitment to providing advanced trading tools for institutional investors.
Kyle Samani, Multicoin Capital’s co-founder, praised CME Group for advancing crypto derivatives. He said SOL futures meet the growing demand for better trading tools, offering adaptability and reduced upfront costs.
The launch is subject to regulatory approval and will be listed under CME Group’s existing trading framework. This expansion reflects growing confidence in digital asset markets.
