Coinbase Seeks CFTC Approval for Solana, Hedera Futures Listing

• Coinbase Derivatives intends to launch Solana and Hedera futures in 2025.
• The new contracts seek to increase market liquidity and diversify derivatives offerings.

A United States-based crypto exchange, Coinbase Derivatives, has made a filing in order to register as a firm that will sell its customers futures products in the Solana token, SOL, and Hedera token, HBAR. The platform shall list their futures contracts by the 18th of February, 2025 pending approval.

This move aligns with Coinbase’s broader strategy to expand its product offerings. It also responds to strong demand from market participants for regulated cryptocurrency futures.
The filings will include contract specifications, position limits, and liquidity enhancements designed to promote seamless trading.

Coinbase Plans Launch of Solana and Hedera Futures in 2025

Coinbase has proposed two types of futures contracts for Solana. The Standard Solana Futures (SLC) will have a contract size of 100 SOL, which is estimated to be worth $25,000 per contract if SOL trades at $250. The Nano Solana Futures (SOL) will have a smaller contract size of 5 SOL, with a notional value of $1,250 per contract. Coinbase has implemented a position limit of 3,500 SLC contracts. This limit represents approximately 0.07% of Solana’s market capitalization.

The Hedera Futures, also known as HED, is pegged at 5,000 HBAR per contract, with a position limit of 25 million HBAR. This would have a notional value of about $7.5 million per contract assuming a price of $0.30 per HBAR.

Coinbase will also boost liquidity by offering its Crypto Market Maker Program which aims at maximizing order book depth and thus improving trade execution for futures participants.

Regulators will use these contracts after approval to allow traders to gain exposure to Solana and Hedera price changes without holding the underlying tokens. This approach helps traders manage risk while participating in the crypto market. Institutional and retail traders are likely to find these contracts attractive for diversifying their investments. The high-growth derivatives market in crypto presents new opportunities for investors seeking alternative trading strategies.

In fact, institutions’ demand for crypto derivatives is rising. The filing from Coinbase shows that it plans to solidify its position in this market. If the CFTC clears the filing, it could mark another step toward expanding regulated crypto trading in the United States. This approval would include Solana and Hedera futures in the market.