Coinbase is advancing its presence in the crypto derivatives market by introducing new futures contracts for Solana (SOL) and Hedera (HBAR), securing regulatory approvals, and expanding institutional access.
Notably, these initiatives announced on February 18 aim at bridging traditional finance and the cryptocurrency sector, offering more options for traders and investors.
Coinbase’s New CFTC-Regulated Solana and Hedera Futures Contracts
Significantly, the U.S. Commodity Futures Trading Commission (CFTC) has certified Coinbase Derivatives, LLC (CDE) to launch futures contracts for Solana and Hedera. For context, this approval marks a significant regulatory step forward in the U.S. crypto derivatives landscape.
Accordingly, the specifications for the new futures contracts Coinbase is launching are:
- Solana Futures (SLC): 100 SOL per contract
- nano Solana Futures (SOL): 5 SOL per contract
- Hedera Futures (HED): 5000 HBAR per contract
Coinbase now offers 19 futures contracts, including Bitcoin, Ether, Dogecoin, Stellar, and Gold. The company aims to meet growing demand for regulated crypto investment products.
Institutional Access to Regulated Crypto Futures
Coinbase Financial Markets, Inc. (CFM) has expanded access to regulated futures trading for institutional clients. Since securing in August 2023, CFM has provided thousands of retail investors with access to futures contracts, according to the announcement.
Now, eligible institutions can trade futures through a regulated crypto-native Futures Commission Merchant (FCM), ensuring compliance, transparency, and security.
EURC Perpetual Futures for Crypto-Native FX Trading
Meanwhile, Coinbase International Exchange has introduced EURC perpetual futures, enabling 24/7 trading of the Euro-backed stablecoin EURC against USD Coin (USDC).
Notedly, this offering provides up to 20x leverage and instant settlement, creating a crypto-native alternative to traditional foreign exchange (FX) markets.
With daily FX trading volumes exceeding $7.5 trillion, this product aims to decentralize global finance by providing more accessible trading opportunities for non-U.S. institutions and retail investors.
