The latest court filing reveals that Coinbase Derivatives is set to launch futures contracts for Solana (SOL) and Hedera (HBAR), another good news for the Solana community.
According to a recent filing, these contracts will be listed on or after February 18, which requires regulatory approval. This development shows the rising institutional interest in crypto derivatives amid a boom in the crypto market.
Coinbase Derivatives operates under the regulatory supervision of the Commodity Futures Trading Commission (CFTC). Since its inception in 2021, the platform has played a pivotal role in expanding access to crypto-based financial instruments. The new future contracts will be cash-settled on a monthly basis, further aligning with the industry’s shift toward regulated, mainstream investment vehicles.
The launch comes at a time of heightened regulatory developments in the United States. With the pro-crypto stance of President Donald Trump’s administration, the country is witnessing a broader embrace of digital assets. This policy shift has fueled a wave of cryptocurrency-based exchange-traded fund (ETF) applications, with Solana among the assets gaining increased institutional traction. Notably, investment firm VanEck recently projected that SOL could reach $520 this year, which reinforces the optimism around its market potential.
The launch comes at a time of heightened regulatory developments in the United States with 180 degree shift from previous Biden’s hostile administration. With the pro-crypto stance of President Donald Trump’s administration, the country is witnessing a broader embrace of digital assets.
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