CME Group plans to launch Solana futures on March 17

By Suzanne McGee

(Reuters) -CME Group announced on Friday that on March 17 it plans to leave Cryptocurrency Solana’s future contracts, waiting for a regulatory review.

The stock exchange says that there are two agreements, one of 500 sola coins and “micro size” contract for 25 sola.

“We are responding to increasing the demand for a wider range of regulated products to manage cryptocurrency prices,” said Global CME Cryptocurrency products.

If the product receives a confirmation seal, the launch will release the means of exchange measures related to Solana.

After the US Securities and Exchange Commission, the first articles, which can operate on the price of Solana, were made in June 2024 21 Uhet. Recently, the franklin pace was similar to last Friday.

SEC may want to see a new monthly value in Solana Futures, before confirming those ETFs, said Sui Chung, CF indicator.

The decision “significantly increases” the probability of approval, said Chung.

“The regulated futures market has been the priority of the SEC to confirm Sport Cripto ETF.”

This is because it brings at least a part of chryptocurrency, from the point of view of US regulators, giving them confidence that they will be able to find out everyone.

Asset Management companies have submitted an application to ETFs, not only Solana, but also several other cryptic marks, including XRP and Litecoin. In November last year, the number of US presidential elections increased by number of analysts. The cryptographic industry is looking greatly by Trump, as the cryptographic president and last month have risen his steps to reorganize digital assets regulations.

(Reports Susan McGe in New York)