Basri Caneri 
Coinbase Derivatives, the derivatives platform of US-based cryptocurrency exchange Coinbase, is preparing to list Solana (SOL) and Hedera (HBAR) futures contracts. The platform made the necessary applications at the beginning of the year, and the contracts are expected to open for trading on or after February 18.
New Era in Crypto Futures
Coinbase’s move comes at a time when regulatory changes for the crypto market in the US are gaining momentum. Especially with the re-election of Donald Trump as president, significant changes are being observed in the country’s crypto policies. After assuming the presidency, the Trump administration quickly started to develop crypto-friendly policies.
In this process, Coinbase’s decision to list Solana and Hedera futures is noteworthy as a step following the increasing number of crypto-based ETF applications in the US.
Coinbase’s Expansion Move
Coinbase has already received approval to expand its crypto services in both the UK and Argentina from early 2025. The company is also strengthening its presence in the US market as it adapts to a wide-ranging regulatory transformation.
Coinbase is known to operate as a “designated contract market” (DCM) overseen by the US Commodity Futures Trading Commission (CFTC). Launched in 2021, it has become one of the major markets offering futures for major cryptocurrencies such as Bitcoin and Ethereum.
The newly listed Solana and Hedera futures will be settled monthly in cash. This development is likely to contribute to the growing adoption of crypto derivatives trading in the US.
Growing Interest for Solana
Solana, in particular, has been one of the altcoins of great interest throughout 2025. Earlier in the year , asset management firm VanEck indicated that a Solana ETF was likely to be approved. The US’s growing embrace of crypto assets could accelerate this process.
Coinbase’s listing of Solana futures is seen as a positive development for both the Solana ecosystem and derivatives markets in general. More altcoin futures can be expected to be launched in the coming period.
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