Mentioned:
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
