CME Group announced plans to launch Solana (SOL) futures on March 17, pending regulatory review. Market participants will have the choice to trade both a micro-sized contract (25 SOL) and a larger-sized contract (500 SOL). This expansion responds to increasing client demand for a broader set of regulated products to manage cryptocurrency price risk.
Giovanni Vicioso, Global Head of Cryptocurrency Products at CME Group, stated that as Solana continues to evolve into a platform of choice for developers and investors, these new futures contracts will provide a capital-efficient tool. This tool supports investment and hedging strategies in the Solana ecosystem. The launch is seen as a significant milestone in the maturation of the cryptocurrency market.
CME Group SOL futures will be cash-settled and based on the CME CF Solana-Dollar Reference Rate, calculated daily at 4:00 p.m. London time. These futures will join the company's crypto product suite that includes Bitcoin and Ether futures and options. This initiative further demonstrates CME Group's leadership in offering institutional investors and active traders advanced tools for trading and risk management in digital assets.
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