According to a new filing with the U.S. Commodity Futures Trading Commission, Coinbase intends to introduce Solana futures on its derivatives exchange platform (CFTC). The Solana (SOL) futures agreements will be settled in cash on a monthly basis and are scheduled to be available on February 18, 2025. Trump’s Proposal to Move Education Credits to SBA Raises Concerns
The Solana futures marketplace will include standard agreements, each representing 100 SOL, which is now worth $23,700. In addition, smaller “nano” Solana futures agreements, each representing 5 SOL, will be offered.
Coinbase Derivatives revealed that position limits for Solana futures will be 30% lower than those for Bitcoin (BTC) futures as part of its initiatives to control liquidity and volatility. The filing cited Solana’s increased volatility as compared to Bitcoin and Ethereum (ETH), noting that Solana’s current 30-day volatility is around 3.9%, while Bitcoin and Ethereum have 30-day realized volatility of roughly 2.3% and 3.1%, respectively.
The new framework will enable traders to engage in Solana’s price fluctuations via futures trading, with versatile investment sizes depending on whether they select standard or nano agreements. MarketVector Indexes GmbH, a German index provider, will supply the reference rate for settlement, subjecting the proposed Solana futures to supervision by the German Federal Financial Supervisory Authority. Coinbase has already submitted a self-certification and intends to list the Solana futures agreements on its subsidiary, Coinbase Derivatives.
The introduction of Solana futures has ignited hopefulness in the digital currency sphere. Moreover, the US President Trump released a decree that characterizes digital currency as a “national imperative”. Bitwise Chief Investment Officer Matt Hougan expressed lately that the decree, along with the thorough Shiba Inu sustains optimistic energy, SHIB group teases major DeFi enhancement of regulatory affairs in the digital currency sector, might disrupt Bitcoin’s quadrennial pattern and conceivably broaden the ongoing flourishing market until 2026.
