Coinbase has filed for self-certification to list Solana futures contracts on its subsidiary platform, Coinbase Derivatives.
The Solana futures market is set to introduce contracts where the standard size is 100 SOL, equating to a value today of $23,700. Additionally, there will be smaller contracts available, known as “nano” Solana futures, with each contract representing 5 SOL.
According to a Jan. 30 filing with the U.S. Commodity Futures Trading Commission, Solana (SOL) futures contracts will be offered on a monthly cash-settled basis and will go on offer from Feb. 18. 2025.
The newly offered structure will allow traders to engage with Solana price movements through futures trading, offering flexibility in investment size depending on whether one opts for the standard or the nano contracts.
As per the filing, Coinbase Derivatives revealed that the position limits on offer for the Solana futures will be 30 percent lower than those offered on its Bitcoin (BTC) futures, as part of its efforts to manage liquidity and volatility. Referencing Solana’s heightened volatility relative to Bitcoin and Ethereum (ETH), an excerpt from the filing reads:
Solana’s current 30-day volatility is approximately 3.9%. In similar timeframes, Bitcoin and Ethereum’s 30-day realized volatilities are around 2.3% and 3.1% respectively. When compared to other digital assets, Solana’s volatility is moderately higher, reflecting its emerging market position and the rapid growth of its ecosystem.
Benchmark rates for settlement will be provided by the German index provider MarketVector Indexes GmbH, which will have effect of placing the proposed Solana futures under the regulatory supervision of Germany’s Federal Financial Supervisory Authority.
The introduction of Solana futures comes at a time when the US president Donald Trump’s executive order declaring crypto as a “national priority” has triggered a rush of positive crypto market sentiment. Bitwise chief investment officer Matt Hougan recently suggested that the executive order and the general warming of regulatory ties with the crypto industry could break Bitcoin’s 4-year cycle, and keep the current bull run going into 2026.
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