CME Group announces Solana Futures powered by our CME CF Solana-Dollar Reference Rate
CF Benchmarks is delighted to learn that pending regulatory review, CME Group will launch Solana (SOL) futures contracts on March 17th.
We are excited to confirm that the leading derivatives marketplace's first SOL-based product will be the latest to settle to a regulated CF Benchmarks Reference Rate.
CME Group SOL futures will be cash-settled, based on the CME CF Solana-Dollar Reference Rate, our once-a-day reference rate of the U.S. dollar price of SOL, calculated daily at 4:00 p.m. London time.
CME SOL futures will expand the suite of CME Group crypto products that already includes a wide variety of Bitcoin and Ether futures and options contracts.
At the same time, the new Solana futures represent the continuation of the near-decade long CME Group - CF Benchmarks partnership that underpins all CME Group crypto products.
As ever, alongside our partners at CME Group, CF Benchmarks is very proud to play a part in furthering crypto adoption with our high-integrity, regulated benchmarks, particularly at this exciting time for the digital asset class!