The post Coinbase Seeks Approval for New Solana Futures Contracts Amid Improved Market Sentiment Before February 2025 appeared on BitcoinEthereumNews.com.

Coinbase Derivatives solidifies its position in the crypto market with plans to list new futures contracts for Solana and Hedera, indicating growing demand. This move reflects an increasing interest among institutional investors in crypto derivatives, as platforms prepare for potential regulatory changes under the new administration. “The Exchange has spoken with FCMs and market participants who support the decision to launch a nano Solana Contract,” Coinbase highlighted in its regulatory filings. Coinbase Derivatives aims to expand its offerings with new futures contracts for Solana and Hedera by 2025, aligning with market trends and investor interest. Coinbase’s Strategic Entry into the Futures Market for Solana and Hedera In a significant development for the cryptocurrency landscape, Coinbase Derivatives, a subsidiary of the prominent U.S.-based exchange, has filed to list new futures contracts specifically for Solana and Hedera. This initiative, detailed in regulatory documents submitted on Thursday, marks a calculated attempt to harness the rising interest and enhanced market sentiment prevalent in the crypto industry. The contracts are structured to be cash-settled on a monthly basis, with trading anticipated to commence in February 2025. Market Dynamics and Institutional Interest in Crypto Derivatives The decision by Coinbase follows a broader trend in the crypto market, where major players are keen to capitalize on the renewed institutional interest. Notably, the Chicago Mercantile Exchange (CME) is reportedly preparing to introduce futures contracts for SOL and XRP shortly. In parallel, asset management firms like VanEck and ProShares have accelerated their filing for crypto exchange-traded funds (ETFs) ahead of significant political transitions, aiming to trade assets such as Litecoin, XRP, and Solana. Detailed Insights into the Proposed Futures Contracts The proposed futures contracts for Solana will feature a standard contract size of 100 SOL, equating to an estimated notional value of approximately $24,000 at current market prices. Interestingly,…

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Filed under: News - @ January 31, 2025 12:22 am