The announcement came amid a downturn in the crypto markets and caused a spike in SOL’s price as markets struggle to recover lost ground.
The Chicago Mercantile Exchange (CME) Group, a globally recognized derivatives exchange, announced it will launch Solana (SOL) futures contracts on March 17, pending a review by United States financial regulators.
According to the Feb. 28 announcement, market participants will have access to micro contracts of 25 SOL or standard contract sizes of 500 SOL, and all contracts will be cash-settled.
CME Group already provides futures and options contracts for Bitcoin (BTC) and Ether (ETH) to investors looking to hedge against the highly volatile nature of these digital assets.
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