In what’s one other step ahead for the cryptocurrency market, Coinbase Derivatives is about to launch Solana (SOL) and Hedera (HBAR) futures. Certainly, the platform filed to record the futures contracts for each tokens earlier this yr, with them set to go stay on or after February 18, based on the submitting.
A subsidiary of the favored cryptocurrency trade, the transfer comes amid an ongoing regulatory shift for the cryptocurrency market in the US. 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 yr.
JUST IN: Coinbase Derivatives to launch Solana $SOL futures.
— Watcher.Guru (@WatcherGuru) February 12, 2025
Coinbase Subsdidary Information to Launch Solana Futures Contracts in February
It has been a monumental begin to the yr for US-based cryptocurrency trade Coinbase. Certainly, the agency has obtained approval to launch crypto-related providers within the UK and Argentina. Furthermore, it has continued increasing its presence in the US 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 mandatory 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 reveals. Furthermore, it continues the continued development towards elevated exercise for cryptocurrency corporations in the US. Alternatively, Coinbase Deriviaties first launched in 2021 and is regulated by the CFTC as a “designated contract market,” permitting the commerce of crypto derivatives corresponding to futures contracts for numerous cryptocurrencies.
The choice can also be excellent news for Solana, which has gotten numerous consideration thus far in 2025. Earlier this yr, VanEck mentioned that the approval of a Solana ETF was doubtless. This has solely been strengthened because the nation continues to embrace the asset class like by no means earlier than.
