(Finance) – CME Groupthe main world marketplace of derivatives has announced i Plans to launch the future Solana (Sol) on March 17thpending the regulatory review. The market participants will have the opportunity to negotiate both a small contract (25 Sol) and a larger contract (500 Sol).
“With the launch of our new future contracts Sol, we are Responding to the growing demand of customers For a broader set of regulated products to manage the risk of the price of cryptocurrencies – said Giovanni Vicioso, Global Head of Cryptocurrency Products at CME Group – while Solana continues to evolve in the favorite platform by developers and investors, these new future contracts will provide an efficient tool in terms of capital to support their investment and coverage strategies “.
The future Sol of CME Group will be liquidated in cash and based on the reference rate CME CF Solana-Dollarwhich acts as a daily reference rate of the US dollars in Sol and is calculated daily at 16:00 London hour.
The future Sol will join the Crypto product suite of the company that includes Future Bitcoin Ether and future on options. The trading data since the beginning of the year include: average daily volume of 202,000 contracts, increased by 73% year on year; Average Open Interest of 243,600 contracts, an increase of 55% year on year; Over 11,300 unique accounts that trading.