The post Coinbase Files for CFTC Approval to Offer Solana and Hedera Futures appeared on BitcoinEthereumNews.com.

Coinbase Derivatives has filed with the US Commodity Futures Trading Commission to list futures contracts for Solana and Hedera.  This is the first futures product filing under CFTC Chair Caroline Pham amid a surge in crypto ETF and derivatives filings. Coinbase Derivatives, a subsidiary of Coinbase launched in June 2021, is making a significant move to expand its offerings. On January 30, the entity filed for self-certification with the U.S. Commodity Futures Trading Commission (CFTC) to introduce futures contracts for Solana (SOL), the fifth largest cryptocurrency by market capitalization, and Hedera (HBAR). With February 18 set as the targeted launch date, Coinbase submitted its request to CFTC’s Christopher Kirkpatrick, aiming to broaden its market presence and offer traders more diverse investment opportunities. Solana Futures Contracts: Standard and Nano Coinbase is expanding its derivatives offerings by introducing two types of Solana (SOL) futures contracts, designed to provide traders with more diverse opportunities to engage with Solana’s price movements. These futures will be cash-settled monthly, allowing investors to trade without directly holding SOL tokens. The Standard Solana Futures (SLC) contract is a USD-settled index product with a contract size of 100 SOL. It will be available for trading only at specific times and on designated days. The contract’s notional value is estimated at $25,000 per contract, with a minimum tick size of $0.01 per SOL and a minimum tick value of $1 per contract. Coinbase is also introducing the Nano Solana Futures (SOL) contract for traders seeking smaller exposure to Solana’s price movements. This futures type will represent 5 SOL per unit, resulting in a notional value of approximately $1,250 per contract. This smaller contract size makes it more accessible to a broader range of traders. The position limit for Solana futures is 3,500 SLC contracts (350,000 SOL), valued at $84 million…

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Filed under: News - @ February 1, 2025 12:12 am