FalconX and StoneX have executed the first-ever block trade of CME Solana futures, underscoring the increasing interest in digital asset investments.
Innovative Solana Futures Trade
Announced on March 16, FalconX and StoneX successfully completed the first block trade of CME's newly launched Solana futures. This transaction enables investors to engage in Solana's price movements without directly holding the asset. These cash-settled futures come in two sizes: standard contracts and micro contracts.
Importance of Block Trades for Institutional Investors
Block trades, like those executed by StoneX and FalconX, allow institutions to conduct large transactions with minimal market impact. Josh Barkhordar, FalconX's Head of U.S. Sales, described the successful execution as a key milestone in advancing crypto trading for institutional investors. Eric Rose of StoneX reaffirmed the company's commitment to increasing access to cryptocurrency through regulated trading options.
Growing Interest in Cryptocurrencies on CME
The growing popularity of CME's crypto futures market reflects increased interest, with average daily trading volume reaching 202,000 contracts in early 2025. Open interest also increased by 55% to 243,600 contracts, with over 11,300 unique accounts participating in CME's crypto products. The launch of Solana futures coincides with growing interest in Solana-based ETFs, further indicating the asset's rising appeal among institutional investors.
The launch of Solana futures and their first block trade illustrate significant progress in regulated digital assets and growing interest among institutional investors.
