In what’s one other step ahead for the cryptocurrency market, Coinbase Derivatives is ready to launch Solana (SOL) and Hedera (HBAR) futures. Certainly, the platform filed to listing the futures contracts for each tokens earlier this 12 months, with them set to go stay on or after February 18, in response to the submitting.
A subsidiary of the favored cryptocurrency alternate, the transfer comes amid an ongoing regulatory shift for the cryptocurrency market in america. With the primary pro-crypto president, Donald Trump, returning to the White Home in January, he wasted no time in overhauling the nation’s cryptocurrency coverage. The transfer by Coinbase Derivatives follows a plethora of crypto-based ETF filings which have surfaced this 12 months.
JUST IN: Coinbase Derivatives to launch Solana $SOL futures.
— Watcher.Guru (@WatcherGuru) February 12, 2025
Coinbase Subsdidary Recordsdata to Launch Solana Futures Contracts in February
It has been a monumental begin to the 12 months for US-based cryptocurrency alternate Coinbase. Certainly, the agency has obtained approval to launch crypto-related companies within the UK and Argentina. Furthermore, it has continued increasing its presence in america because the nation institutes a widespread coverage shift.
That has continued this month, with Coinbase Derivatives set to launch Solana (SOL) and Hedera futures contracts. Certainly, the platform filed the required paperwork with the Commodity Futures Buying and selling Fee (CFTC) in late January. Subsequently, these contracts are poised to be listed this month.
The brand new contracts might be cash-settled on a month-to-month foundation, the submitting exhibits. Furthermore, it continues the continued development towards elevated exercise for cryptocurrency firms in america. Alternatively, Coinbase Deriviaties first launched in 2021 and is regulated by the CFTC as a “designated contract market,” permitting the commerce of crypto derivatives akin to futures contracts for numerous cryptocurrencies.
The choice can also be excellent news for Solana, which has gotten plenty of consideration to date in 2025. Earlier this 12 months, VanEck mentioned that the approval of a Solana ETF was probably. This has solely been bolstered because the nation continues to embrace the asset class like by no means earlier than.
