The financial services titan CME Group says it’s launching new futures contracts based on the smart contract platform Solana ( SOL ) in March. In a new press release , the CME Group announces that it will be rolling out two Solana-based futures contract options on March 17th – a micro-sized one worth 25 SOL and a macro-sized contract worth 500 SOL. However, the firm notes that the launch of the products is still pending regulatory review. According to Giovanni Vicioso, CME’s global head of crypto products, the rollout of the contracts is happening due to burgeoning client demand for regulated products based on digital assets. As stated by Vicioso, “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. 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.” Solana contracts will join Bitcoin ( BTC ) and Ethereum ( ETH ) futures in the company’s arsenal of derivative products. According to previous reports, the firm first launched BTC futures in 2020 and Ethereum futures in 2022. The year-to-date trading highlights of BTC and ETH futures include a 73% year-over-year increase in the average daily volume of contracts and a 55% year-over-year increase in the average open interest of contracts. Solana is trading for $144 at time of writing, a 4.7% increase during the last 24 hours. Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Follow us on X , Facebook and Telegram Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post Derivatives Giant CME Group To Roll Out New Solana (SOL) Futures Contracts This Month appeared first on The Daily Hodl .
