Solana futures completed their first trading day on CME

According to Jin10 Data on March 18, on March 17, as the momentum for cryptocurrency acceptance in the mainstream market continues to grow, Solana (SOL) futures were traded for the first time on the U.S. derivatives exchange of CME. In February of this year, CME revealed plans to launch two types of Solana futures contracts: one is a standard contract representing 500 SOL, and the other is a "micro" contract aimed at retail investors, representing 25 SOL each. After Coinbase launched related products in February, these contracts became the first regulated Solana futures to enter the U.S. market. These contracts are cash-settled rather than settled in physical SOL. According to preliminary data from the CME website, on the first trading day of the March 17 contract, Solana futures with a nominal value of nearly 40,000 SOL (approximately $5 million) changed hands on the exchange. Early pricing data indicates that traders may hold a bearish sentiment towards SOL