Coinbase Moves to List Solana and Hedera Futures with New Filing

Coinbase is preparing to launch futures contracts for Solana (SOL) and Hedera (HBAR) starting February 18, as outlined in their filing with the Commodity Futures Trading Commission (CFTC).

Through its subsidiary, Coinbase Derivatives, the exchange plans to introduce monthly cash-settled contracts. If approved, the Solana futures will be based on a contract size of 100 SOL, approximately valued at $24,000. The exchange will also offer smaller “nano” contracts, worth five SOL each. Hedera futures will come in a contract size of 5,000 tokens.

This move follows a broader trend in the crypto space of launching new derivative products after the election of crypto-friendly President Donald Trump. In a related incident, CME Group recently posted futures pages for XRP and Solana by mistake, though they clarified that no decision had been made about launching those products.