The futures contracts were traded in Solana (SOL) for the first time on the US Derivatives Stock Exchange for the Chicago Stock Exchange Group (CME) on March 17, where it acquires the dominant adoption momentum of the encrypted currency.
In February, CME has planned for two types of futures for SOL: Standard Contracts representing 500 Micro Retailing Micro contracts that represent 25 Sol.
It is the first Solana Futures to reach the US market after the launch of Coinbase in February. The contracts are settled in cash, not the material begs.
On March 17, the first trading day for contracts, Sol Futures represents a virtual value of about 40,000 Sol, or approximately $ 5 million at current prices, changed to the stock exchange, According to To the first Data From CME.
Early pricing data indicates a border feelings on Sol among merchants. CME does not publish final data on daily trading sizes until subsequent working day.
CME data shows that CME futures contracts in April were traded at $ 127 per SOL – $ 2 per code less than the contracts that end in March.
On March 16, Falconx and Stonex trading companies completed the first ever trade in CME, He said.
“Solana has made a long time in the past five years,” Chris Chong, the founder of the Solana -based swap platform, told Cointelegraph on March 17.
“The future Solana is going live on CME today, and Soul [exchange-traded funds] It will definitely follow a short period of time.
Listed in CME Sol on March 17. Source: CME
Related to: Solana Cme Futures Tip Washik approvals ETF – Exec approvals
ETF approval possibilities
On March 13, Cointelegraph told the US Securities and Stock Exchange Committee (SEC) to the asset managers and Canary Capital Solana Etfs proposed in May.
He provided at least five ETF exporters with the US Securities and Stock Exchange Committee to narrate Solana Solana Etfs. In front of the organizer until October 2025 to make a final decision on deposits.
Bloomberg Intelligence evaluates the possibility of Sol ETFS in approximately 70 %.
Futures are unified agreements to buy or sell a basic origin in a future history.
It is commonly used for hedging and speculation by retail investors and institutions. Futures also play a decisive support role in the investment funds circulating in the encrypted currency because the futures markets subject to the organization provides a stable standard for measuring the performance of digital assets.
CME already lists Bitcoin BTC and ETHER ETH futures contracts. American organizers agreed to the investment funds circulating in each of these encrypted currencies last year.
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