On Thursday, the Coinbase subsidiary, Coinbase Derivatives, submitted regulatory filings to list new futures contracts for Solana and Hedera.
These contracts will be cash-settled on a monthly basis, and the exchange is planning to launch them in February 2025. This move comes as the crypto market sentiment has improved and the possibility of positive regulatory advancements increases under the Trump Administration.
Other companies, such as CME, are also preparing to launch futures contracts for SOL and XRP, while asset managers like VanEck and ProShares have recently filed for crypto ETFs to trade assets like Litecoin, XRP, and Solana.
Coinbase Derivatives, which was launched in June 2021, is regulated by the Commodity Futures Trading Commission and allows users to trade crypto derivatives, including BTC and ETH.
