The Chicago Mercantile Exchange (CME), a leading global derivative market, has announced its future contracts in Solana (SOL) on March 17, pending organizational approval.
New Solana Futures will come in different sizes. CME will offer a small contract for 25 Sol and a standard nodes with a nominal value of 500 Sol, meeting a set of trading strategies.
These are the future contracts that are connected to the cash based on the price of CME CF Solana-Dollar, which provides a daily standard for the US dollar price for Sol, which was calculated at 4:00 pm London time.
“The CME group in the CME group in A CME in the CME group in A. press release.
“Solana continues to develop to the platform for selecting developers and investors, new futures contracts will provide this capital to support investment and hedge strategies.”
CME Group Crypto shows thrived
The expansion of the coded currency offers for the CME General Group follows a significant growth of these products, which meet the needs of institutional investors looking to exposure to the encrypted currency space.
The company stated that it saw a daily volume of 202,000 contracts, an increase of 73 % on an annual basis, and an open interest of 243,600 contracts, an increase of 55 % on an annual basis.
Moreover, more than 11300 unique accounts are traded for CME futures, which are limited to BTC and ETH futures and options. According to what the group is also planning to launch instant bitcoin trading.
