Michaela
Coinbase, the leading cryptocurrency exchange, has expanded its U.S. derivatives market by launching futures contracts for Solana (SOL) and Hedera (HBAR). These contracts, regulated by the U.S. Commodity Futures Trading Commission (CFTC), mark a strategic push to integrate digital assets with traditional finance.
On February 18, the company unveiled future contracts for SOL and BAR, designed to accommodate a variety of trading strategies. This expansion not only broadens Coinbase’s derivatives portfolio but also underscores the increasing mainstream acceptance of digital assets.
Coinbase Derivatives has now expanded its suite to 19 futures contracts approved by the CFTC, featuring major assets like Bitcoin (BTC), Ether (ETH), and Dogecoin (DOGE). The latest additions allow traders to choose between Standard Solana Futures offering 100 SOL per contract, nano Solana Futures with 5 SOL per contract, and Hedera Futures that include 5,000 HBAR per contract.
“We are delivering innovative, compliant, and accessible trading solutions that empower market participants to navigate and capitalize on the evolving crypto landscape,” the company stated.
Related: SEC Halts 3–5x Leveraged Crypto ETFs, Warning Investors of Risks
In August 2023, Coinbase Financial Markets, Inc. (CFM) received regulatory clearance from the National Futures Association (NFA) to operate as a Futures Commission Merchant (FCM). Since its launch, the firm has enabled thousands of retail investors to access regulated futures contracts spanning both crypto assets and traditional commodities.
Expanding its international reach, Coinbase launched EURC perpetual futures on its International Exchange, venturing further into crypto-native FX trading. The new EURC/USDC pair enables traders to gain leveraged exposure to the Euro outside traditional FX markets, offering up to 20x leverage with immediate settlement and continuous pricing.
Its latest initiative emerges as the U.S. Securities and Exchange Commission (SEC) requested a 28-day pause to review the company’s appeal.
Related: Strategy Sells $1.4B in Stock to Cover Bills Amid Bitcoin Slump
In its recent filing with the U.S. Court of Appeals for the Second Circuit, the SEC clarified that the appeal will proceed at a standard pace and emphasized that the crypto exchange has expressed its support for the motion.
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MICHAELA
Michaela is a news writer focused on cryptocurrency and blockchain topics. She prioritizes rigorous research and accuracy to uncover interesting angles and ensure engaging reporting. A lifelong book lover, she applies her passion for reading to deeply explore the constantly evolving crypto world.
