19 March | Other

CME Group's launch of derivatives on Solana confirms strong institutional interest

CME Group's launch of derivatives on Solana confirms strong institutional interest

The Chicago Mercantile Exchange (CME) has started trading derivatives on Solana (SOL). This indicates a growing institutional interest in the cryptocurrency. On the first day of trading (March 17), the trading volume of SOL totaled $12.3 million. This is below the figures shown by the debut of BTC ($102.7 million) and ETH ($31 million) contracts.

Open interest in SOL contracts reached $7.8 million. This is also less than the results of BTC and ETH trading instruments at launch. However, considering Solana's market capitalization, these figures are comparable to previous CME products, the experts note.

The total open interest in the SOL derivatives market is $3.84 billion, with Binance taking the lead with 27% of positions. CME's analysts suggest it could build up its market share, as it did with bitcoin contracts.

The launch of the trading instrument on Solana strengthens institutional recognition of the cryptocurrency and may contribute to the approval process for ETFs, potentially attracting new investors. The information was provided by The Tradable.

Elena Dorokhina MarketCheese
Period: 07.07.2025 Expectation: 1900 pips
SPX may retreat to 5,980 following all-time high
Today at 10:08 AM 19
Gold sell
Period: 04.07.2025 Expectation: 5000 pips
Gold's six-month uptrend is under threat as prices test 3250 level
Today at 09:30 AM 49
Period: 04.07.2025 Expectation: 750 pips
AUDCAD rises amid easing geopolitical tensions
27 June 2025 78
Period: 03.07.2025 Expectation: 800 pips
Weak dollar pushes GBPUSD to new highs
27 June 2025 60
Period: 04.07.2025 Expectation: 500 pips
Selling EURUSD down to 1.1640
27 June 2025 49
Period: 04.07.2025 Expectation: 224 pips
Selling natural gas with target of 3.335 amid colder weather and oversupply
26 June 2025 72
Go to forecasts