Coinbase Derivatives has officially filed with the U.S. Commodity Futures Trading Commission (CFTC) to introduce Solana (SOL) futures, marking another step in expanding regulated crypto derivative offerings. If approved, trading for the cash-settled futures contract is expected to commence on February 18, 2025.
The proposed Solana futures contract will be USD-denominated and based on an index tracking SOL prices. Each contract represents 100 SOL tokens, making it a viable option for both institutional and retail traders seeking exposure to Solana without holding the asset directly.
Coinbase Derivatives has implemented risk management measures, including position limits of 3,500 contracts and daily settlement mechanisms to ensure market stability. With Solana’s volatility exceeding that of Bitcoin and Ethereum, futures trading could enhance liquidity and hedging strategies.
The move underscores growing institutional interest in Solana and follows broader trends in crypto derivatives. CME, another major derivatives player, recently announced plans for Bitcoin Friday options. If the CFTC grants approval, Solana would become the third cryptocurrency—after Bitcoin and Ethereum—to have a regulated futures market in the U.S., further integrating crypto into traditional finance.
Approval of Solana futures could signal a new wave of investment opportunities and market expansion for digital assets.
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