Falconx, the top prime broker of digital assets, and Stonex, a global financial services company, have completed the first block transaction for Solana Futures, which was recently introduced.
According to a March 16 press statement, the CME Sol futures trading shows an increase in demand for regulated digital asset investments like Solana (SOL), but further strengthens Falconx’s position as one of the industry leaders of Institutional Cryptocurrency Trading.
The world’s largest derivative exchange, CME Group launched Sol Futures on February 28th, offering investors a way to trade Solana price movements without holding assets. These futures are set for cash and come in two sizes. 500 SOL for standard contracts, 25 SOL for micro contracts.
Their prices follow the CME CF Solana-Dollar Reference, which provides daily reference rates for Solana’s US dollar prices calculated at 4pm London time.
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Block transactions such as those carried out by Stonex and Falconx allow institutions to carry out large-scale transactions without having a significant impact on the market. Josh Barkhordar, US Sales Director at Falconx, described this as an important step in promoting institutional crypto transactions.
According to Eric Rose, Stonex’s digital assets director, the company is dedicated to increasing institutional access to cryptocurrency through regulated trading options.
“Stonex and Stonex Digital are proud to support CME’s innovative initiative to enhance institutional access to cryptocurrencies through regulated and compliant derivative suites.”
– Eric Rose, head of digital asset execution at Stonex Digital
CME’s Crypto futures market is growing rapidly. At the beginning of 2025, the average daily trading volume reached 202,000 contracts, up 73% year-on-year, as revealed in a press release on February 28th. Open Interest also won 243,600 contracts, up 55% to 55% on its own accounts trading CME’s Crypto products.
Sol Futures is launched as Solana Exchange-Taded Funds continues to grow. Top asset managers such as Franklin Templeton, Grayscale, 21Share, Bitwise and Vaneck have already applied for Spot Solana ETF. Analysts believe CME’s Sol Futures will help pave the way for Sol ETFS approval, similar to what happened with Bitcoin (BTC) and Ethereum (ETH).
read more: Highly likely to submit to BlackRock Solana and XRP ETF: ETF Store President
