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Mar 17, 2025

CME Group launches Solana Futures, based on CF Benchmarks' regulated SOL Reference Rate

CF Benchmarks proudly welcomes CME Group's launch of Solana Futures, the latest inflection point for institutional crypto adoption.

The new products consist of a larger-sized 500 SOL contract, and a micro-sized 25 SOL contract.

We are excited to confirm that like all CME crypto contracts, SOL futures will settle to a regulated CF Benchmarks Reference Rate.

CME Group SOL futures will be cash-settled, based on the CME CF Solana-Dollar Reference Rate, CF Benchmarks' a once-a-day reference price of the U.S. dollar price of SOL, calculated daily at 4:00 PM London Time.

SOL futures are only the third cryptoasset with contracts available for trade on the world's leading derivatives marketplace, alongside CME Bitcoin and Ether futures and options. This underlines the significance of the launch of CME Solana futures for both the crypto market and CME itself, which has stated its decision to introduce SOL was based on increasing client demand.

We believe CME SOL futures represent the latest inflection point for institutional crypto adoption, as they provide large investors and capital markets participants with new CFTC-regulated tools for risk management and trading in relation to SOL, for the first time.

CME Group's Global Head of Cryptocurrency Products, Giovanni Vicioso said:

"As Solana continues to evolve into the platform of choice for developers and investors, these new futures contracts will provide a capital-efficient tool to support their investment and hedging strategies."

About the CME CF Solana-Dollar Reference Rate (SOLUSD_RR)

The CME CF Solana-Dollar Reference Rate (SOLUSD_RR) aggregates trade data from multiple Solana-USD markets operated only by major cryptocurrency exchanges that conform to CF Benchmarks' rigorous regulatory requirements. This group are known as CME CF Constituent Exchanges.

SOLUSD_RR has been calculated every day since its launch on 25th April, 2022. It is a Registered Benchmark under the UK FCA's Benchmarks Regulation (BMR) framework, meaning that it is objectively verified to be in conformance with independent standards of accuracy, reliability, governance, and resistance to manipulation.

Suitability Analysis of the CME CF Solana-Dollar Reference Rate as a Basis for Regulated Financial Products - March 2025 Update
A benchmark must be representative of the underlying market, resistant to manipulation, and replicable by market participants. This paper seeks to understand whether these qualities are achieved by CF Benchmarks’ CME CF Solana-Dollar Reference Rate (SOLUSD_RR).
CF BenchmarksCF Benchmarks

The information contained within is for educational and informational purposes ONLY. It is not intended nor should it be considered an invitation or inducement to buy or sell any of the underlying instruments cited including but not limited to cryptoassets, financial instruments or any instruments that reference any index provided by CF Benchmarks Ltd. This communication is not intended to persuade or incite you to buy or sell security or securities noted within. Any commentary provided is the opinion of the author and should not be considered a personalised recommendation. Please contact your financial adviser or professional before making an investment decision.


Note: Some of the underlying instruments cited within this material may be restricted to certain customer categories in certain jurisdictions.


Ken Odeluga
Ken Odeluga

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