The evolution and growth of the cryptocurrency industry will continue in full force in 2025. Indeed, that took a step forward Friday as the CME Group is set to officially launch Solana (SOL) futures. The world’s largest futures exchange announced the decision via a press release issued on the final day of February.
Pending a regulatory review, the derivatives marketplace will launch SOL futures on March 17th, according to the announcement. Moreover, users will be able to choose where to trade large or micro-sized contracts of 25 and/or 500 SOL.
JUST IN: CME Group, the world’s largest futures exchange to launch Solana $SOL futures.
— Watcher.Guru (@WatcherGuru) February 28, 2025
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CME Group Announces Solana (SOL) Futures is Coming in March
The last several months have seen the cryptocurrency market grow exponentially. Although that isn’t reflected in price performances, there is no shortage of policy overhauls that are set to pay dividends in the long run. Throughout that process, Solana has emerged as its potential amid a shifting regulatory landscape.
With hopes of an ETF for the cryptocurrency abounding, it got another big push Friday as the CME Group announced the impending launch of Solana (SOL) futures. Indeed, the largest futures exchange in the world is set to debut the arrival of Solana-based futures contracts in March.
Also Read: BlackRock Speaks on a Solana ETF: Why It May Be Bad for 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 rises,” CME Group’s global head of cryptocurrency products, Giovanni Vicioso, said.
“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,” he added. Conversely, the new SOL future contracts will be cash-settled, the press release notes. Moreover, they will be based on the platform’s daily CF Solana-Dollar reference rate.
