Solana futures complete their first trading day on CME

ChainCatcher news, according to Cointelegraph, Solana futures began trading for the first time on March 17 at the U.S. derivatives exchange of the Chicago Mercantile Exchange (CME). According to preliminary data from the CME website, on March 17, the first trading day of the contract, SOL futures representing nearly 40,000 SOL nominal value changed hands at the exchange, amounting to nearly $5 million at current prices.

Early pricing data indicates that traders may have a bearish sentiment towards SOL. The CME will not release final daily trading volume data until the next business day. CME data shows that the trading price for the April futures contract was $127 per SOL—$2 lower than the March-expiring contract per token.

On March 16, trading firms FalconX and StoneX announced that they completed the first SOL futures trade on the CME. Previously, in February, it was reported that the CME planned to list two types of SOL futures contracts: a standard contract representing 500 SOL and a retail-friendly "micro" contract representing 25 SOL.