In what is another step forward for the cryptocurrency market, Coinbase Derivatives is set to launch Solana (SOL) and Hedera (HBAR) futures. Indeed, the platform filed to list the futures contracts for both tokens earlier this year, with them set to go live on or after February 18, according to the filing.
A subsidiary of the popular cryptocurrency exchange, the move comes amid an ongoing regulatory shift for the cryptocurrency market in the United States. With the first pro-crypto president, Donald Trump, returning to the White House in January, he wasted no time in overhauling the nation’s cryptocurrency policy. The move by Coinbase Derivatives follows a plethora of crypto-based ETF filings that have surfaced this year.
JUST IN: Coinbase Derivatives to launch Solana $SOL futures.
— Watcher.Guru (@WatcherGuru) February 12, 2025
Also Read: VanEck Predicts Solana (SOL) Will Reach $520 This Year
Coinbase Subsdidary Files to Launch Solana Futures Contracts in February
It has been a monumental start to the year for US-based cryptocurrency exchange Coinbase. Indeed, the firm has received approval to launch crypto-related services in the UK and Argentina. Moreover, it has continued expanding its presence in the United States as the nation institutes a widespread policy shift.
That has continued this month, with Coinbase Derivatives set to launch Solana (SOL) and Hedera futures contracts. Indeed, the platform filed the necessary paperwork with the Commodity Futures Trading Commission (CFTC) in late January. Subsequently, these contracts are poised to be listed this month.
Also Read: Coinbase Receives Approval to Launch Crypto Services in the UK
The new contracts will be cash-settled on a monthly basis, the filing shows. Moreover, it continues the ongoing trend toward increased activity for cryptocurrency companies in the United States. Alternatively, Coinbase Deriviaties first launched in 2021 and is regulated by the CFTC as a “designated contract market,” allowing the trade of crypto derivatives such as futures contracts for various cryptocurrencies.
The decision is also good news for Solana, which has gotten a lot of attention so far in 2025. Earlier this year, VanEck said that the approval of a Solana ETF was likely. This has only been reinforced as the country continues to embrace the asset class like never before.
