Coinbase has taken a significant step in the derivatives market by submitting a self-certification application for trading Solana futures contracts to the U.S. Commodity Futures Trading Commission (CFTC). This initiative, as reported by FulcrumNews, marks a notable expansion for Coinbase’s derivative trading platform, Coinbase Derivatives, LLC. If approved, trading is anticipated to commence on February 18, 2025, or at a later date. The proposed Solana futures will be categorized as cash-settled and margined instruments, with a structure that incorporates monthly settlements for traders. This development highlights the growing interest in cryptocurrency derivatives and reflects Coinbase’s commitment to providing diverse trading options as it adapits to an evolving market landscape.
Source: https://en.coinotag.com/breakingnews/coinbase-to-launch-solana-futures-contracts-self-certification-application-filed-with-cftc/