CME Group, the leading derivatives marketplace, is set to introduce Solana (SOL) futures on March 17, according to Reuters.
This move expands its cryptocurrency offerings, allowing traders to engage with both micro (25 SOL) and standard (500 SOL) contracts.
Giovanni Vicioso, who oversees cryptocurrency products at CME, emphasized that the new futures cater to rising demand for regulated tools to navigate crypto market risks.
He noted that Solana’s growing adoption among developers and investors makes it an ideal addition, offering traders a more efficient way to manage exposure and hedge positions.
The introduction of Solana futures follows the increasing institutional interest in alternative blockchain networks beyond Bitcoin and Ethereum.
As Solana continues to gain traction for its high-speed transactions and lower fees, CME’s new derivatives could attract more institutional participants looking for structured risk management tools in the evolving crypto landscape.
A new liquid staking token, Haedal Protocol (HAEDAL), is making its way to Binance’s spot market this week, accompanied by an airdrop targeting loyal BNB holders.
XRP’s market performance has taken a hit, shedding over $16 billion in value over the past week as regulatory indecision continues to cloud its outlook.
Momentum is building across the digital asset space as Bitcoin edges closer to its previous peak near $109,000, igniting renewed speculation about whether a broader altcoin surge is about to follow.
Sui (SUI) has surged by 81.5% in the past month and has jumped to the 11th place in the list of most valuable cryptocurrencies as per data from CoinMarketCap. The launch of the SUI Trust by Grayscale and the submission of an application by 21Shares for a SUI-linked exchange-traded fund (ETF) were some of the […]