CME Group to Introduce Solana (SOL) Futures on March 17
- The CME Group plans to launch Solana (SOL) futures on March 17, pending regulatory approval.
- Contracts will be available in two sizes: micro-sized (25 SOL) and larger-sized (500 SOL).
- SOL futures will be cash-settled and based on the CME CF Solana-Dollar Reference Rate.
- Solana will join Bitcoin and Ethereum as the third cryptocurrency on the derivatives platform.
- The launch may positively impact the approval of pending Solana ETF applications by the SEC.
The introduction of Solana futures by CME Group is a response to increasing demand for regulated cryptocurrency products. It also positions Solana alongside Bitcoin and Ethereum in their derivatives marketplace.
Source (2.6)https://coingape.com/cme-group-to-roll-out-solana-sol-futures-on-march-17/?rand=24432
