The CME group expands encryption derivatives with the launch of Solana Futures – TradingView News

Institutional investors now have a new way to gain exposure to Solana (SOL) as the CME group officially launches Sol Futures. The first deal, which was implemented between Falconx and Stonex, according to the company, is an important step in the growth of organized cryptocurrencies.

This step comes amid the high institutional demand for capital saving tools to manage digital asset investments. The CME group, one of the largest derivative exchanges, has expanded the encoded currency wing with the introduction of Solana Futures.

The growth of institutional interests that drive growth

“We are pleased to see such early support for our new future decades,” said Giovanni Ficoyu, the global head of cryptocurrencies at the CME group. “Add futures Sol and Micro Sol to our encrypted currency group will provide investors to the capital they need to support investment and hedge strategies in the growing cryptocurrency.”

These new contracts come in two sizes: a small contract (25 SOL) and a standard contract (500 Sol). The first trade, a Block deal, was conducted on March 16 and participated in the main industry players, Falcons and Steung. Despite the positive development, Solana decreased by 4 % in the past day, as it is traded at $ 123, according to CoinmarketCap data.

The introduction of futures contracts reflects the increase in institutional demand for regulatory exposure to encryption. Companies such as Falconx, Stonex and Cumberland Drw welcomed the new offer, as it saw it as an important step in the maturity of the coding derivatives market.

A step towards prevailing encryption integration

With the introduction of future Solana contracts, the CME group continues to push it to the digital assets sector. Cash contracts are localized and based on the CME CF Solana-Dollar reference average, which provides a daily standard for Sol in US dollar.

This addition follows the previous launch operations for bitcoin contracts and futures for bitcoin, which increases the expansion of institutional options in the encryption space. As digital assets of traction gain in traditional financing, organized futures markets will play an increasingly important role in providing stability options and risk management.

With the high demand for cryptocurrencies, the CME Group Step to include Solana Futures signals wider institutional acceptance and prepare for future expansion in the circulation of organized digital assets.