Coinbase has filed the documentation to list the futures on Solana (SOL) and Hedera (HBAR), marking a significant step in the expansion of its derivatives product offering.
According to the documents submitted to the Commodity Futures Trading Commission (CFTC), the derivatives division of the exchange plans to launch these contracts as early as February 18.
Summary
Details on Solana and Hedera futures from Coinbase
If approved, the contracts on Solana will have a size of 100 SOL, which at the current price translates to about 24,000 dollars per contract.
Furthermore, Coinbase will also offer “NANO Solana” futures, with a reduced size of 5 SOL. Regarding Hedera, each futures contract will have a size of 5,000 HBAR, offering a scalable alternative for institutional and retail investors interested in these digital assets.
These contracts will be cash settled on a monthly basis, allowing investors to speculate on the price of SOL and HBAR without having to directly hold the underlying cryptocurrencies.
The introduction of futures on Solana and Hedera fits into a broader trend that sees Coinbase Derivatives expanding its offering of advanced financial products. The exchange aims to consolidate its position in the crypto derivatives market, which has seen significant growth in recent years.
Coinbase thus joins other industry operators, such as CME Group, which recently caused a stir by accidentally publishing the futures page for XRP and SOL on its “staging subdomain.” This episode has fueled speculation about an imminent expansion of the offering of derivative products for cryptocurrencies.
The influence of the political and regulatory context
The decision by Coinbase to expand its derivatives portfolio comes at a time of strong excitement for the crypto market. The inauguration of President Donald Trump, known for his favorable positions on cryptocurrencies, has already prompted several players in the sector to take measures to expand their offerings.
This move indicates a growing acceptance of cryptocurrencies by financial institutions and regulators, paving the way for greater integration of digital assets into traditional markets. If the CFTC approves Coinbase’s request, the exchange could gain a significant competitive advantage, attracting a new segment of investors interested in futures on Solana and Hedera.
“`htmlConclusion
“`The announcement by Coinbase Derivatives of wanting to launch futures on Solana and Hedera represents a further step in the maturation of the crypto market.
With the expansion of the offering of derivative products, the exchange aims to provide investors with new trading and risk hedging opportunities.
It remains to be seen if the CFTC will approve the proposal by the scheduled date of February 18. In the meantime, institutional interest in crypto derivatives continues to grow, and Coinbase seems ready to ride this new wave of adoption.
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