Coinbase推出Solana（Sol）和Hedera（HBAR）期货合约，迈向SOL ETFS的一步

Coinbase已在其由商品期货贸易委员会（CFTC）监管的美国衍生品交易所（CFTC）上启动了Solana（Sol）和Hedera（HBAR）期货合约。

Coinbase has launched Solana (SOL) and Hedera (HBAR) futures contracts on its US derivatives exchange, which is regulated by the Commodity Futures Trading Commission (CFTC).

Coinbase已在其美国衍生产品交易所（Solana）（Sol）和Hedera（HBAR）期货合约上启动了美国衍生产品交易所，该合约受商品期货交易委员会（CFTC）的监管。

By offering regulated futures contracts, Coinbase is creating a structured environment for investors to engage with SOL and HBAR, which could lead to increased liquidity and stability in the digital assets’ market.

通过提供受监管的期货合约，Coinbase正在为投资者与SOL和HBAR互动创造一个结构化的环境，这可能会导致数字资产市场的流动性和稳定性提高。

The Solana futures contracts will have standard offerings representing 100 SOL, and there will also be “nano” contracts tailored for retail investors, each representing 5 SOL, making it more accessible to a broader range of market participants.

Solana Futures合同将具有代表100 SOL的标准产品，还将为散户投资者量身定制的“ Nano”合同，每个合同代表5个SOL，使其更容易获得更广泛的市场参与者。

A step towards Solana (SOL) ETFs

朝着索拉纳（Sol）ETFS迈出的一步

The launch of regulated futures markets for Solana (SOL), is seen as a crucial step towards the eventual introduction of a Solana Exchange-Traded Fund (ETF) in the United States.

索拉纳（SOL）的规范期货市场的推出被视为在美国最终引入索拉纳交易所基金（ETF）的关键一步。

Futures markets provide a benchmark for measuring the performance of digital assets, which is essential for the approval and operation of spot ETFs.

期货市场为衡量数字资产的绩效提供了基准，这对于批准和运营ETF至关重要。

With at least five ETF issuers having filed with the SEC for spot Solana ETFs, the regulator's decision deadline set for October 2025, and Bloomberg Intelligence estimating a 70% approval probability, the futures contracts might pave the way for these financial products.

由于至少五位ETF发行人已向SEC提交了Spot Solana ETF，因此监管机构的决策截止日期定于2025年10月，并且彭博社估计估计批准概率为70％的情报，期货合约可能为这些金融产品铺平道路。

Coinbase's push for CFTC oversight over spot markets is part of a broader industry effort to redefine regulatory frameworks for cryptocurrencies.

Coinbase对现货市场进行CFTC监督的推动是重新定义加密货币监管框架的更广泛行业的一部分。

Chief Policy Officer Faryar Shirzad of Coinbase has submitted a proposal advocating for Congress to grant the CFTC full authority over spot markets, arguing that digital assets like Bitcoin and Ethereum should be treated as commodities. In his proposal, Shirzad outlined a six-point legislative agenda aimed at providing clarity and consumer protection.

Coinbase的首席政策官Faryar Shirzad提出了一项提议，倡导国会授予CFTC的全部权限，以授予现货市场，认为比特币和以太坊等数字资产应被视为商品。 Shirzad在他的提议中概述了一个六点立法议程，旨在提供清晰度和消费者的保护。

However, while advocating for a larger role for the CFTC, Coinbase acknowledges the SEC's importance, particularly in creating rules for capital raising in the crypto sector. This nuanced approach suggests a future where both regulatory bodies could collaborate to nurture a balanced ecosystem for digital assets.

但是，Coinbase在提倡更大的角色时，承认了SEC的重要性，尤其是在制定加密部门筹集资金的规则方面。这种细微的方法表明，两个监管机构都可以合作以培养数字资产的平衡生态系统的未来。

The SEC, under recent leadership and influence, has shown a more accommodating stance towards crypto, with efforts like the newly formed Crypto Task Force aimed at clarifying regulations around broker-dealer activities and staking.

SEC在最近的领导力和影响下，对加密货币的态度表现出了更具适应性的立场，诸如新成立的加密特遣部队之类的努力旨在阐明围绕经纪交易者活动和积累的法规。

The crypto regulatory landscape has indeed shown signs of softening, especially with the recent political shift following Donald Trump's presidency, who has expressed intentions to make the US a hub for cryptocurrency.

加密监管格局确实显示出软化的迹象，尤其是在唐纳德·特朗普（Donald Trump）担任总统职位后最近发生的政治转变，后者表示旨在使美国成为加密货币的枢纽。

The explosive crypto derivatives market growth

爆炸性加密衍生品市场的增长

The crypto derivatives market has seen explosive growth, with Coinbase reporting a volume increase of roughly 10,950% in 2024.

加密衍生品市场的增长爆炸性增长，Coinbase报告说，2024年的体积增加了约10,950％。

Coinbase's launch of futures for Hedera's HBAR with a standard offering of 5000 HBAR per contract in addition to the Solana futures contracts indicates a diversification strategy that includes both major cryptocurrencies and emerging blockchain platforms.

Coinbase为Hedera的HBAR推出了期货，除了Solana Futures合同外，每份合同的标准产品均为5000 HBAR，这表明了一项多元化策略，其中包括主要的加密货币和新兴的区块链平台。

The cryptocurrency exchange has also expanded its digital assets futures offerings to include futures for memecoins like Dogecoin (DOGE) and Shiba Inu (SHIB), as well as traditional commodities, showcasing its commitment to broadening the scope of tradable assets under its umbrella.

加密货币交易所还扩大了其数字资产的期货产品，包括诸如Dogecoin（Doge）和Shiba Inu（Shib）（SHIB）等成年币的未来，以及传统商品，展示了其致力于扩大其伞下可交易资产范围的承诺。

The launch of CFTC-regulated Solana (SOL) futures contracts not only signifies a maturation of the crypto market but also reflects the ongoing dialogue between traditional finance, regulatory bodies, and the burgeoning digital asset industry.

CFTC调节的Solana（SOL）期货的启动不仅表示加密市场的成熟，而且还反映了传统金融，监管机构和新兴的数字资产行业之间的持续对话。

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