CME Group announced that its new Solana (SOL) futures are now available for trading in both a micro-sized (25 SOL) and a larger-sized contract (500 SOL). The first trade, a block, took place on Sunday, March 16, executed between FalconX and StoneX. This early support signals market interest in these new crypto derivatives.
Giovanni Vicioso, Global Head of Cryptocurrency Products at CME Group, stated that the addition of SOL and Micro SOL futures to their regulated cryptocurrency suite provides investors with capital-efficient tools. These tools support their growing cryptocurrency investment and hedging strategies. The launch is seen as a historic moment for the Solana ecosystem.
CME Group Solana futures are cash-settled and based on the CME CF Solana-Dollar Reference Rate, calculated daily at 4:00 p.m. London time. This product expands CME Group's digital asset offerings. It provides institutional investors with a regulated venue to manage risk and price exposure on Solana.
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