CME Group, the world's largest derivatives marketplace, plans to introduce Solana (SOL) futures on March 17, expanding its suite of cryptocurrency derivatives, it said in a press release on Friday. The new contracts,

CME Group (CME) is doubling down on crypto derivatives. The world’s largest derivatives marketplace announced it will launch Solana (SOL-USD)

Solana (SOL) was the only major cryptocurrency to gain in morning trade during U.S. market hours on Friday, rising 6%, while the broader market remained under pressure. The rally followed CME Group’s announcement that it would introduce Solana futures on March 17,

On February 28, the Chicago Mercantile Exchange (CME) Group announced it would launch Solana (SOL) Futures pending a review by United States financial regulators. This will allow market participants to obtain futures contracts whose micro contracts amount to 25 SOL and typical contracts amount to 500 SOL and are settled in cash.

CME Group said on Friday that it plans to roll out futures contracts on cryptocurrency Solana on March 17, pending regulatory review. The exchange said it expects to debut two contracts, one for 500 Solana coins and a "micro-sized" contract for 25 Solana.