CME Group, the world’s largest derivative marketplace, plans to introduce Solana (Sol) Futures on March 17, and expand its package of cryptocurrency derivatives, it said in a press release on Friday. The new contracts, pending legislative review, allow the traders to manage the sun -price risk with two contract sizes: 25 sun and 500 sun.
“With the launch of our new Sun Futures contracts, we respond to rising client needs after a wider set of regulated products,” said Giovanni Vicioso, CME Group’s global leader of cryptocurrency products.
The contracts will be cash-fastened using CME CF SOLANA-DOLAR REFERENCE RATE, which tracks the sun’s award daily at. 16.00 London Time. CME already offers Bitcoin and Ether futures, which has seen significant growth in trade activity. The company reported an average daily volume of 202,000 contracts this year, an increase of 73% from 2024.
Industrial leaders consider the move as a step towards greater institutional adoption of crypto. Teddy Fusaro, President of BitWise Asset Management, noted that Cmes Cryptoderivats has helped pave the way for regulated financial products, including ETFs. Kyle Samani from Multicoin Capital added that such products provide sophisticated investors with more tools to control risk and exposure.
As Solana wins traction among developers and investors, the addition of Sol -Futures highlights the rising demand for regulated crypto trading products. It can also pave the way for Sol Exchange-Traded Funds (ETFS) to be approved by Securities and Exchange Commission (SEC).
“CME’s decision to list SOL contracts today significantly increases the opportunity for similar spot -TF applications to be approved in the foreseeable future,” said Sui Chung, CEO of CF Benchmarks.
“Although an exact timeline for approval is difficult to distinguish, it is likely that SEC wants to see several months of value of trading on CME and be pleased that futures correlate with the spot market before it seems to approve ETF applications to the sun.”
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