Coinbase Derivatives has filed for listing new futures contracts for Solana and Hedera, with a potential launch in February 2025 or later.
New Futures on the Horizon
Coinbase Derivatives plans to launch futures contracts for Solana (SOL) and Hedera (HBAR), which will be cash-settled monthly. The contracts are expected to be available for trading by early 2025.
Market Relevance and Regulation
This move comes as Coinbase seeks to capitalize on growing market interest and potential positive regulatory changes. Other major players, such as CME, are also preparing to offer futures on Solana and XRP.
Contract Details and Company Strategy
The upcoming Solana futures contracts will have a 100 SOL size, valued at approximately $24,000 if regulatory approved. Trading operations will terminate at 4:00 PM London time during the final Friday of each month. The contract for Hedera will monitor 5,000 tokens. Nodal Clear, LLC, a CFTC-registered clearing organization, will handle the clearing of these contracts. The company sees this as part of its expansion strategy for crypto derivatives.
With rising demand for digital assets, Coinbase Derivatives anticipates significant interest in its new futures products for Solana and Hedera.
