The Financial Services Titan CME Group says that the new Futures contracts launches on the basis of the Smart Solana contract platform (SOL) in March.
In a new one press releaseThe CME group announces that the Solana-based Futures contract options will roll out on 17 March-a micro-format with a value of 25 SOL and a macro-format contract worth 500 SOL.
However, the company notes that the launch of the products is still awaiting regulations.
According to Giovanni Vicioso, the worldwide head of CME of Crypto products, the rollout of the contracts takes place as a result of the budding customer demand for regulated products based on digital assets. As mentioned by Vicioso,
“With the launch of our new SOL -Futures contracts, we respond to increasing customer demand to a wider set of regulated products to manage the risk of cryptocurrency price.
As Solana continues to evolve towards the favorite platform for developers and investors, these new futures contracts offer a capital-efficient tool to support their investment and covering strategies. ”
Solana contracts will become members of Bitcoin (BTC) and Ethereum (ETH) Futures in the arsenal of derivative products from the company. According to earlier reports, the company first launched BTC Futures in 2020 and Ethereum futures in 2022.
The highlights of the year-to-date trade of BTC and ETH-Futures include an increase of 73% on an annual basis of the average daily volume of contracts and an increase of 55% on an annual basis of the average open interest of contracts.
Solana acts for $ 144 at the time of writing, an increase of 4.7% during the last 24 hours.
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