PANews reported on February 28 that according to PR Newswire, the derivatives market Chicago Mercantile Exchange Group (CME Group) announced plans to launch Solana (SOL) futures on March 17, but it is subject to regulatory review. Market participants will have the option 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. SOL futures will join the company's suite of crypto products, which includes Bitcoin and Ethereum futures and options futures.