- Coinbase’s derivatives seek approval from CFTC to submit the future of Solana and Hedra.
- The stock exchange expects contracts to be launched on February 18, 2025.
Coinbase derivatives, a subsidiary for the exchange of cryptocurrencies in the United States, are trying to obtain organizational approval by submitting documents to the CFTC futures trading committee. The assets include Solana (SOL) and Hedra (HBAR), with new futures contract details.
the filings It means that the exchange intends to extend its derivatives. The expected start date will be on February 18, 2025, provided that they have passed organizational approval.
However, according to the file, the Crypto Market manufacturer aims to help improve Excination products by enhancing liquidity in the request book. It is easier for people to buy and sell assets on exchangeThis benefits everyone participating in the market.
In Solana, the introduction of future contracts is of two very different types. The first one, the standard Solana Futures (SLC), requires the size of the contract 100 Sol. Moreover, this contract type translates into a default value of $ 25,000 per contract. Second, Nano Solana Futures (Sol), will be the size of a contract smaller than 5 Sol. Also, granting her a default value of $ 1,250 per contract.
Moreover, Coinbase has set an end to the Solana future in 3500 SLC contract. At a supposed price of $ 240 per Sol, this will reach $ 84 million in the virtual value. It is approximately 0.07 % of the current Solana market value.
Moreover, HEDERA’s proposed futures contracts (HED) has a 5000 Hbar contract. The position limit for this contract is set at 25 million HBAR. Assuming the price of $ 0.30 per HBAR, the default value of the proposed future HEDERA will reach about $ 7.5 million.
Moreover, after securing organizational approval, futures contracts will be submitted where traders may take a site in Solana and Hedera. In particular, without the necessity of obtaining actual symbols.
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