CME Group, the world’s largest market for derivatives, plans to introduce term contracts on Solana (soil) on March 17, expanding its sequence of cryptocurrency derivatives, he said in a press release on Friday. The new contracts, awaiting regulatory examination, will allow traders to manage the risk of resolution price with two contract sizes: 25 soil and 500 soil.
“With the launch of our new soil-term contracts, we are responding to the increase in customer demand for a wider set of regulated products,” said Giovanni Vicioso, world chief of CME group’s cryptocurrency products.
The contracts will be gathered in cash, using the CME reference rate CF Solana-Dollar, which follows the price of the soil price at 4:00 p.m. London time. CME already offers Bitcoin and Ether term contracts, which have experienced significant growth in commercial activity. The company declared an average daily volume of 202,000 contracts this year, up 73% compared to 2024.
Industry leaders consider the decision to be a step towards greater institutional adoption of the crypto. Teddy Fusaro, president of Bitwise Asset Management, noted that CME’s cryptographic derivatives have contributed to paving the way for regulated financial products, including ETF. Kyle Samani of Multicoin Capital added that these products offer sophisticated investors more tools to manage risks and exposure.
With Solana, who is gaining ground among developers and investors, the addition of Futures soil highlights the growing demand for regulated cryptography trading products. It could also pave the way for the approval of the negotiated funds in exchange for soil (ETF) by the Securities and Exchange Commission (SEC).
“CME’s decision to list the soil contracts today considerably increases the possibility that the corresponding ETF applications can be approved in the foreseeable future,” said Such, CEO of CF Benchmarks.
“Although an exact calendar for approval is difficult to discern, it is likely that the SEC will want to see several months of negotiation on the CME and be convinced that the term contracts are correlated with the cash market before seeking to approve the ETF applications.”
Warning: Parties of this article were generated with the help of AI tools and examined by our editorial team to guarantee accuracy and membership of our standards. For more information, see the complete Coindesk AI policy.
