The CME Group for the launch of futures contracts (SOL) with the growth of demand for encryption derivatives

The CME group, the world’s largest derivative market, plans to provide Solana (SOL) futures on March 17, and expand its wing of cryptocurrency derivatives. press release Friday. The new contracts will allow, pending the organizational review, for merchants to manage Sol prices with two sizes: 25 Sol and 500 Sol.

“By launching our new contracts in futures, we respond to increasing customer demand for a broader group of organization’s products,” said Giovanni Ficoyu, the global head of encrypted currency products.

Cash contracts will be connected, using the price of the CME CF Solana-Dollar Reference, which tracks the price of Sol per day at 4:00 pm London time. CME already offers Bitcoin and ETHER futures, which have seen significant growth in trading activity. The company reported a average daily volume of 202,000 contracts this year, an increase of 73 % from 2024.

Industrial leaders view this step as a step towards a greater institutional dependence on encryption. Teddy Fossaru, head of asset management, noted that CME derivatives helped pave the way for organized financial products, including the circulating investment funds. Kyle Samani from Multicoin Capital added that such products give advanced investors more tools for risk management and exposure.

As Solana is preparing traction between developers and investors, the addition of increasing future demands to the increasing demand for organized encryption products. It can also pave the way for the boxes circulating on the Stock Exchange (ETFS) to be approved by the Securities and Stock Exchange Committee (SEC).

“The CME decision to record SOL contracts today greatly increases the possibility of the instant ETF requests corresponding to the foreseeable future,” said Soy Chung, CEO of CF Standards.

“Although it is difficult to distinguish the accurate timeline of approval, SEC will likely want to see several months of trading on CME and be convinced that futures contracts are linked to the immediate market before looking to agree to Sol applications.”

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