- FalconX and StoneX executed the first-ever block trade of CME Group’s Solana futures, showcasing institutional demand.
- CME’s crypto futures market saw a 73% surge in daily trading volume and a 55% rise in open interest in early 2025.
- The launch of SOL futures could pave the way for Solana ETFs, similar to Bitcoin and Ethereum.
FalconX and StoneX Interest in Solana Future
FalconX and StoneX have completed the first-ever block trade of CME Group’s Solana (SOL) futures, an institutional crypto adoption milestone.
The world’s largest derivatives exchange, CME Group, launched SOL futures on February 28 with cash-settled contracts in two sizes: 500 SOL (standard) and 25 SOL (micro). The contracts are settled against the CME CF Solana-Dollar Reference Rate, calculated daily at 4:00 p.m. London time.
Block trades like this allow institutions to execute large trades anonymously, excluding material market impact. FalconX U.S. sales head Josh Barkhordar called it an institutional tipping point for crypto trading.
StoneX digital asset execution head Eric Rose reaffirmed the company’s commitment to bringing more institutional exposure to cryptocurrencies through regulated derivatives.
“StoneX and StoneX Digital are proud to support CME’s innovative initiatives to enhance institutional access to cryptocurrencies through a regulated and compliant suite of listed derivatives,” said Eric Rose, Head of Digital Asset Execution at StoneX Digital.
FalconX and StoneX Expand Crypto Derivatives
CME’s crypto futures operation has taken off, with daily volume reaching 202,000 contracts in early 2025—a 73% year-over-year increase. Open interest also increased 55% to 243,600 contracts, reflecting growing institutional demand.
This development comes in conjunction with increasing demand for a Solana ETF. Asset managers including Franklin Templeton, Grayscale, and VanEck have filed applications, and analysts view CME’s SOL futures. As likely paving the way for regulatory approval, akin to Bitcoin and Ethereum ETFs.
With increasing institutional demand for Solana, regulated futures and settled block trades strengthen its presence in the emerging digital asset market.
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