{"id":363250,"date":"2025-01-31T03:54:26","date_gmt":"2025-01-30T22:24:26","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=363250"},"modified":"2025-01-31T03:54:27","modified_gmt":"2025-01-30T22:24:27","slug":"coinbase-derivatives-files-to-launch-solana-futures-with-cftc-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/coinbase-derivatives-files-to-launch-solana-futures-with-cftc-crypto-news\/","title":{"rendered":"Coinbase Derivatives Files to Launch Solana Futures With CFTC – Crypto News"},"content":{"rendered":"

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Crypto trading venue Coinbase Derivatives has applied for self-certification with the US Commodity Futures Trading Commission (CFTC) to list the Solana Futures Contract. The exchange directed the letter to CFTC\u2019s Christopher Kirkpatrick, highlighting February 18 as its desired launch date for the product.<\/span><\/p>\n

Coinbase Derivatives and the Solana Futures Product<\/strong><\/h2>\n

According to the <\/span>self-certification<\/span><\/a>, the platform said the Solana Futures is a USD-settled index product type. While it announced a contract size of 100 Solana, it pegged the contract notional at approximately $25,000.<\/span><\/p>\n

Coinbase Derivatives pegged the minimum tick size at $0.01 per Solana with a minimum tick value pegged at $1 per contract. Unlike the offerings in its other units, Coinbase said the Solana Futures product will only trade at specific times and days.<\/span><\/p>\n

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Coinbase Derivatives recognized the relative Solana volatility in the footnotes attached to the product. The exchange noted that its embrace, drawing on its high-performance DeFi and Non-Fungible Token (NFT) ecosystem,s can impact the product. However, it reiterated that it has experience managing products within the two extreme market conditions.<\/span><\/p>\n

This SOL Futures offering comes amid a growing push for a product that connects more with the Traditional Finance (TradFi) ecosystem. As reported earlier, Cboe has refiled the <\/span>Solana ETF 19b-4 for VanEck<\/span><\/a>, Canary, Bitwise, and 21Shares. This filing proves more mainstream investors are looking to gain exposure to the coin, ushering in a ready market for the Coinbase Derivatives product.<\/span><\/p>\n

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This is a breaking news, please check back for updates!!!<\/strong><\/em><\/p>\n

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Godfrey Benjamin <\/p>\n<\/p><\/div>\n

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Benjamin Godfrey is a blockchain enthusiast and journalists who relish writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desires to educate people about cryptocurrencies inspires his contributions to renowned blockchain based media and sites. Benjamin Godfrey is a lover of sports and agriculture. <\/p>\n

Follow him on X<\/a>, Linkedin<\/a> <\/p><\/div>\n<\/p><\/div>\n

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.<\/p>\n

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Crypto trading venue Coinbase Derivatives has applied for self-certification with the US Commodity Futures Trading Commission (CFTC) to list the Solana Futures Contract. The exchange directed the letter to CFTC\u2019s Christopher Kirkpatrick, highlighting February 18 as its desired launch date for the product. Coinbase Derivatives and the Solana Futures Product According to the self-certification, the […]<\/p>\n","protected":false},"author":2,"featured_media":363261,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[192,29,198,194,195,199,196,193,197,200],"class_list":["post-363250","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-blockchain-business","tag-business","tag-coins","tag-crypto-business","tag-cryptocurrency-business","tag-fiat","tag-metaverse-business","tag-nft-business","tag-token","tag-token-business"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/363250","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=363250"}],"version-history":[{"count":4,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/363250\/revisions"}],"predecessor-version":[{"id":363263,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/363250\/revisions\/363263"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/363261"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=363250"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=363250"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=363250"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}