FalconX and StoneX Execute Frist CME Solana futures Block Trade
FalconX, a leading digital asset broker, and stonex, a global financial services firm, have completed the first block trade of CME Group’s Solana futures. This milestone highlights the growing interest in regulated crypto investments.
Launched on February 28, CME’s Solana futures allow traders to speculate on Solana’s price without owning the asset. These futures come in two sizes: 500 SOL for standard contracts and 25 SOL for micro contracts. Prices are based on the CME CF solana-Dollar Reference, updated daily at 4:00 p.m.London time.
Block trades, like this one, let institutions make large transactions without affecting the market. FalconX’s U.S. sales head, Josh Barkhordar, sees this as a significant step for institutional crypto trading.
Eric Rose,StoneX’s head of digital asset execution,emphasized the company’s commitment to expanding institutional access to cryptocurrencies through regulated options. “We’re proud to support CME’s efforts to enhance institutional access,” Rose said.
CME’s crypto futures market is booming. By early 2025, daily trading volume reached 202,000 contracts, up 73% from the previous year. Open interest also rose 55% to 243,600 contracts.
Interest in Solana ETFs is also growing. Major asset managers like Franklin Templeton and Grayscale have filed for spot Solana ETFs. Analysts believe CME’s Solana futures could pave the way for ETF approvals, similar to Bitcoin and Ethereum.
