FalconX Announces Execution of Solana Futures Block Trades at CME Group

Odaily News According to PRNewswire, digital asset broker FalconX announced that the Solana futures product launched by it and financial services company StoneX on the Chicago Mercantile Exchange Group (CME Group) has completed its first block trade, aiming to provide investors with a capital-efficient way to manage risk exposure. FalconX also reportedly stated that it will continue to serve as the main liquidity provider for cryptocurrency derivatives of the CME Group.
Earlier news, the Chicago Mercantile Exchange Group (CME Group) announced the launch of Solana (SOL) futures on March 17, and market participants will be able to choose to trade micro contracts (25 SOL) and large contracts (500 SOL). CME Group SOL futures will be settled in cash and based on the CME CF Solana USD Reference Rate, which serves as the daily reference rate for the SOL USD price and is calculated every day at 4:00 pm London time.