Solana Futures Not in CME's Future Plans

IconCryptoNewsTerminal Staff29 May, 2024

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Solana Futures Not in CME's Future Plans

Cryptocurrency news outlet X reported on Monday that the Chicago Mercantile Exchange (CME) has no plans to offer Solana (SOL) futures products. The report cites a person familiar with the matter. The news comes as a surprise to many, as Solana has been one of the best-performing cryptocurrencies in recent months. However, CME's decision may be due to Solana's recent technical difficulties. In September, the Solana network was down for several hours, causing traders to lose millions of dollars. CME is likely hesitant to offer futures products on a cryptocurrency that has such a shaky track record.