tl;dr
Coinbase Derivatives has filed with the US Commodity Futures Trading Commission (CFTC) to list futures contracts for Solana (SOL) and Hedera (HBAR) on or after February 18, 2025, pending regulatory approval. The contracts include cash-settled futures for Solana and Hedera, with monthly settlement pe...
Summary: Coinbase's Plans for Solana and Hedera Futures Coinbase Derivatives has filed with the US Commodity Futures Trading Commission (CFTC) to list futures contracts for Solana (SOL) and Hedera (HBAR) on or after February 18, 2025, pending regulatory approval.
The contracts include cash-settled futures for Solana and Hedera, with monthly settlement periods. The position limit for Solana futures is 3,500 contracts, totaling 350,000 SOL, and for Hedera futures, it is 5,000 contracts, totaling 25 million HBAR.
Coinbase plans to introduce Standard Solana Futures (SLC) with a contract size of 100 SOL and Nano Solana Futures (SOL) representing 5 SOL per unit. The proposed Hedera Futures contract’s (HED) contract size and position limit are set at 5,000, totaling 25 million HBAR.
Both Solana and Hedera have experienced price declines in the past week, with Solana trading at $236.11 and Hedera at $0.31 at press time.
Additionally, a recent incident with CME Group briefly displayed details about potential XRP and Solana futures on its beta website, although no official decision had been made regarding those futures contracts.
The filings coincide with a notable increase in ETF filings, with issuers testing the limits of what the SEC will allow under the current leadership.
Lastly, an advertisement for various crypto platforms in Europe, including Wirex, YouHodler, eToro, Phemex, and BingX, was included.