CHICAGO, March 18,
2025 /PRNewswire/ -- CME Group, the world's leading
derivatives marketplace, today announced its new Solana (SOL)
futures are now available for trading in both a micro-sized
(25 SOL) and a larger-sized contract
(500 SOL). The first trade, a block,
took place on Sunday, March 16, and
was executed between FalconX and StoneX.
"We are pleased to see such early support for our new futures
contracts," said Giovanni Vicioso,
Global Head of Cryptocurrency Products at CME Group. "The addition
of SOL and Micro SOL futures to our regulated cryptocurrency suite
will provide investors with the capital-efficient tools they need
to support their growing cryptocurrency investment and hedging
strategies."
"FalconX is proud to execute the first block trade in CME Group
SOL futures with StoneX," said Josh
Barkhordar, Head of US Sales at FalconX. "This highly
anticipated launch marks a historic moment for the Solana
ecosystem, allowing institutional investors to manage risk and
price exposure on a regulated venue. We're committed to offering
innovative derivatives products to support a maturing market."
"StoneX is proud to support CME Group and our clients in
clearing these new innovative products that CME Group continues to
bring to market," said Vincent
Angelico, Head of Clearing and Execution Services for StoneX
Group. "We continue to observe substantial growth in institutional
demand for cryptocurrency access and recognize that our ability to
swiftly adapt to this demand is crucial to our ongoing success as
one of the largest non-bank FCMs."
"It's exciting to see CME Group continue to deliver innovative
products that are in high demand," said Rob
Strebel, Head of Relationship Management at Cumberland DRW.
"Our team is proud to support CME Group's product expansion
in digital assets -- and its adoption by institutional investors --
by providing trusted, deep liquidity across a wide spectrum of
assets like Solana Futures."
"Wedbush has actively cleared Crypto Futures offered by CME
Group since inception and continues to do so today with the launch
of Solana Futures," said Bob
Fitzsimmons, EVP at Wedbush. "This digital journey is
evolving each day, and has been an interesting path for Wedbush. We
anticipate more growth, and welcome it."
CME Group Solana futures are cash-settled and based on the CME
CF Solana-Dollar Reference Rate, which serves as a once-a-day
reference rate of the U.S. dollar price of SOL and is calculated
daily at 4:00 p.m. London time.
For more information on these products, please visit:
www.cmegroup.com/Solana.
As the world's leading derivatives marketplace, CME Group
(www.cmegroup.com) enables clients to trade futures, options, cash
and OTC markets, optimize portfolios, and analyze data – empowering
market participants worldwide to efficiently manage risk and
capture opportunities. CME Group exchanges offer the widest range
of global benchmark products across all major asset classes based
on interest rates, equity indexes, foreign
exchange, energy, agricultural
products and metals. The company offers futures and
options on futures trading through the CME Globex platform,
fixed income trading via BrokerTec and foreign exchange trading on
the EBS platform. In addition, it operates one of the world's
leading central counterparty clearing providers, CME
Clearing.
CME Group, the Globe logo, CME, Chicago Mercantile Exchange,
Globex, and E-mini are trademarks of Chicago Mercantile Exchange
Inc. CBOT and Chicago Board
of Trade are trademarks of Board of Trade of the City of Chicago, Inc. NYMEX, New York
Mercantile Exchange and ClearPort are trademarks of New York
Mercantile Exchange, Inc. COMEX is a trademark of Commodity
Exchange, Inc. BrokerTec is a trademark of BrokerTec Americas LLC
and EBS is a trademark of EBS Group LTD. The S&P 500 Index is a
product of S&P Dow Jones Indices LLC ("S&P DJI").
"S&P®", "S&P 500®", "SPY®", "SPX®", US 500 and The 500 are
trademarks of Standard & Poor's Financial Services LLC; Dow
Jones®, DJIA® and Dow Jones Industrial Average are service and/or
trademarks of Dow Jones Trademark Holdings LLC. These trademarks
have been licensed for use by Chicago Mercantile Exchange Inc.
Futures contracts based on the S&P 500 Index are not sponsored,
endorsed, marketed, or promoted by S&P DJI, and S&P DJI
makes no representation regarding the advisability of investing in
such products. All other trademarks are the property of their
respective owners.
CME-G
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SOURCE CME Group
