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The Largest Derivatives Exchange Announces the Date Solana Will Start: Price on the Rise! - Coin Bulletin
CME Group announced that it will launch Solana (SOL) futures contracts on March 17, subject to regulatory approval.
CME Group, the world's largest derivatives market operator, announced that it will launch Solana (SOL) futures on March 17, and investors will have two different contract options of 25 SOL and 500 SOL.
Giovanni Vicioso, Global Head of Cryptocurrency Products at CME, stated that with the new futures, they are responding to increased institutional demand and investors will have more options for risk management.
Futures contracts on SOL can expand the institutional market
CME Group announced that, as it continues to expand its range of crypto products, SOL futures will be cash-settled in addition to Bitcoin and Ethereum futures. These transactions will be evaluated based on the CME CF Solana-Dollar Reference Rate calculated daily at 16:00 London time.
Bitwise Asset Management President Teddy Fusaro expressed that the launch of CME Group's Solana futures is an important milestone in the maturation of the cryptocurrency market. He also noted that this step could pave the way for the launch of more regulated financial products for institutional investors in the future.
CME Group's SL futures will allow institutional investors to diversify their portfolios, along with Bitcoin and Ethereum derivatives. Analysts predict that these new futures could create a preparation process for Solana-based ETFs in the future.
According to CoinGecko data, Solana, one of the most resilient pairs after the drop, reached $146 with a 7% increase to $135.