FalconX announced that it has executed large trades of Solana futures on the Chicago Mercantile Exchange

2025-03-17 09:59:45

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ChainCatcher news, according to PRNewswire, digital asset broker FalconX announced that its first large transaction of the Solana futures product launched with financial services company StoneX on the Chicago Mercantile Exchange Group (CME Group) has been completed, aiming to provide investors with a capital-efficient way to manage risk exposure. FalconX also stated that it will continue to serve as the primary liquidity provider for cryptocurrency derivatives at the CME Group.

Previously, the Chicago Mercantile Exchange Group (CME Group) announced the launch of Solana (SOL) futures on March 17, allowing market participants to choose to trade micro contracts (25 SOL) and large contracts (500 SOL). CME Group's SOL futures will be cash-settled and based on the CME CF Solana USD Reference Rate, which serves as the daily reference rate for the SOL USD price, calculated daily at 4:00 PM London time.

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FalconX Solana futures trading CME

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