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Trading Solana futures is about to get a whole lot easier.

What’s happening:

  • CME Group has officially announced plans to launch Solana futures within the next few weeks

Why it matters:

  • CME Group is the largest futures exchange in the entire world and this represents the first time ever they have embraced Solana as an asset

Going deeper:

  • Trading Solana futures and derivatives has been continuing to ramp up, with Coinbase (NASDAQ: COIN) just recently rolling out Solana futures contracts on their exchange
  • CME Group has been an early mover on embracing futures for digital assets, previously launching both Bitcoin and Ethereum futures

The fine print:

  • CME Group being able to launch Solana futures will still ultimately require a final regulatory approval from the United States Commodity Futures Trading Commission