Coinbase (COIN) Files Paperwork To List Solana (SOL), Hedera (HBAR) Futures
Coinbase is looking to list the futures as soon as Feb. 18, it said in the filing.
Jan 30, 2025, 10:48 p.m. UTC
What to know:
- Coinbase's derivatives arm has applied for self-certification to list Solana, Hedera and nano Solana futures, a filing shows.
- The Solana contracts would have a size of 100 SOL and the Hedera contracts would track 5,000 HBAR.
- Coinbase is looking to list the futures as soon as Feb. 18, it said in the filing.
Coinbase Derivatives, a subsidiary of the crypto exchange, has filed documents with the Commodity Futures Trading Commission (CFTC) to list Solana (SOL) and Hedera (HBAR) futures.
The exchange plans to launch the product on Feb 18., with new contracts being cash-settled on a monthly basis, according to the filing.
The contract size for the Solana futures would be 100 SOL, currently worth roughly $24,000, if approved. It would also offer "nano" Solana contracts with five SOL. Hedera futures would be sized at 5,000 tokens.
The move comes after several players in crypto have taken steps to launch new products following the inauguration of crypto-friendly President Donald Trump. Just last week, futures and options exchange CME accidentally posted the futures page for XRP and SOL in their "staging subdomain."
CME told CoinDesk that the leak was an error and that no decision had been made on whether it would launch SOL or XRP futures.
