Solana Futures Coming to CME Group
Trading giant CME Group is launching futures contracts for Solana (SOL) on March 17th. This gives investors another way to bet on the cryptocurrency’s price. They’ll offer two contract sizes: a smaller one representing 25 SOL and a larger one representing 500 SOL. However, the launch still needs regulatory approval.
Meeting Client Demand
CME says the new contracts are a direct response to growing customer demand for regulated crypto products. Giovanni Vicioso, CME’s global head of crypto products, explained that this move helps investors manage risk in the Solana market. He highlighted Solana’s increasing popularity among developers and investors.
Joining Bitcoin and Ethereum
These Solana futures will join existing Bitcoin (BTC) and Ethereum (ETH) futures contracts already offered by CME. BTC and ETH futures trading has seen impressive growth lately, with significant increases in daily volume and open interest.
Solana’s Current Price
At the time of writing, Solana is priced at $144, up about 4.7% in the last 24 hours.
Disclaimer: This information is for general knowledge and shouldn’t be considered investment advice. Always do your own research before investing in cryptocurrencies.
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