CHICAGO, Feb. 28,
2025 /PRNewswire/ -- CME Group, the world's
leading derivatives marketplace, today 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).
"With the launch of our new SOL futures contracts, we are
responding to increasing client demand for a broader set of
regulated products to manage cryptocurrency price
risk," said Giovanni Vicioso, Global
Head of Cryptocurrency Products at CME Group. "As
Solana continues to evolve into the platform of choice
for developers and investors, these new futures contracts will
provide a capital-efficient tool to support their investment and
hedging strategies."
CME Group SOL futures will be cash-settled and based on the CME
CF Solana-Dollar Reference Rate, which serves as a
once-a-day reference rate of the U.S. dollar price of SOL and is
calculated daily at 4:00 p.m.
London time.
SOL futures will join the company's crypto product
suite that includes Bitcoin and Ether futures and
options futures.. Year-to-date trading highlights include:
- Average daily volume of 202,000 contracts, up 73%
year-over-year
- Average open interest of 243,600 contracts, up 55%
year-over-year
- More than 11,300 unique accounts trading
"The launch of SOL futures is a significant milestone in the
ongoing maturation of the cryptocurrency market," said
Teddy Fusaro, President of Bitwise
Asset Management, Inc. "This announcement underscores CME Group's
commitment to and leadership in offering institutional investors
and active traders advanced tools for trading and risk management.
With the introduction of Bitcoin and Ether futures,
CME Group paved the way for the broader institutionalization of
crypto as an asset class and set the stage for more
regulated financial products such as ETFs to enter the market. The
addition of these new contracts further demonstrates CME Group's
leadership and its continued role in shaping the evolution of this
dynamic asset class."
"Multicoin Capital applauds CME Group's continued innovation in
the digital asset space and is proud to support the launch of their
SOL derivatives offering," said Kyle
Samani, Co-Founder and Managing Partner, Multicoin Capital.
"As the digital asset market matures and demand continues to grow,
sophisticated investors need better ways to get exposure and manage
volatility. CME Group's new crypto derivatives provide
just that, giving investors increased flexibility with less upfront
capital."
"The new SOL futures contracts are further examples of CME Group
innovating in the retail crypto trading space for the
benefit of customers," said Elad
Even-Chen, Group CFO of Plus500. "These contracts will bring
a new dimension for retail futures traders and will help manage
their cryptocurrency portfolios by allowing them to
further diversify their holdings. We are proud to be supporting
this latest product launch, which is based on scalable,
well-established and trusted cryptocurrencies."
SOL futures will be listed on and subject to the rules of CME.
For more information on these products, please visit:
www.cmegroup.com/sol.
As the world's leading derivatives marketplace, CME Group
(www.cmegroup.com) enables clients to trade futures, options, cash
and OTC markets, optimize portfolios, and analyze data – empowering
market participants worldwide to efficiently manage risk and
capture opportunities. CME Group exchanges offer the widest range
of global benchmark products across all major asset classes based
on interest rates, equity indexes, foreign
exchange, energy, agricultural
products and metals. The company offers futures and
options on futures trading through the CME Globex platform, fixed
income trading via BrokerTec and foreign exchange trading on the
EBS platform. In addition, it operates one of the world's
leading central counterparty clearing providers, CME
Clearing.
CME Group, the Globe logo, CME, Chicago Mercantile Exchange,
Globex, and E-mini are trademarks of Chicago Mercantile Exchange
Inc. CBOT and Chicago Board
of Trade are trademarks of Board of Trade of the City of Chicago, Inc. NYMEX, New York
Mercantile Exchange and ClearPort are trademarks of New York
Mercantile Exchange, Inc. COMEX is a trademark of Commodity
Exchange, Inc. BrokerTec is a trademark of BrokerTec Americas LLC
and EBS is a trademark of EBS Group LTD. The S&P 500 Index is a
product of S&P Dow Jones Indices LLC ("S&P DJI").
"S&P®", "S&P 500®", "SPY®", "SPX®", US 500 and The 500 are
trademarks of Standard & Poor's Financial Services LLC; Dow
Jones®, DJIA® and Dow Jones Industrial Average are service and/or
trademarks of Dow Jones Trademark Holdings LLC. These trademarks
have been licensed for use by Chicago Mercantile Exchange Inc.
Futures contracts based on the S&P 500 Index are not sponsored,
endorsed, marketed, or promoted by S&P DJI, and S&P DJI
makes no representation regarding the advisability of investing in
such products. All other trademarks are the property of their
respective owners.
CME-G
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SOURCE CME Group
