Coinbase计划于2025年推出Solana和Hedera Futures

美国的加密交易所Coinbase衍生产品已提交文件，以注册为一家将出售其客户期货产品的公司

Coinbase Derivatives, a United States-based crypto exchange, has filed an application to register as a firm that will sell futures products to its customers in the Solana (SOL) and Hedera (HBAR) tokens. The platform will list the futures contracts by February 18, 2025, subject to approval.

美国加密货币交易所Coinbase衍生品已提交了一项申请，以注册为一家公司，该公司将向Solana（Sol）和Hedera（HBAR）代币中的客户出售期货产品。该平台将在2025年2月18日之前列出期货合约，但得到批准。

This move aligns with Coinbase's broader strategy to expand its product offerings. It also responds to strong demand from market participants for regulated cryptocurrency futures. The filings will include contract specifications, position limits, and liquidity enhancements designed to promote seamless trading.

此举与Coinbase扩大产品产品的更广泛战略相吻合。它还响应市场参与者对受监管的加密货币期货的强劲需求。这些文件将包括合同规格，职位限制和旨在促进无缝交易的流动性增强。

Coinbase Plans Launch of Solana and Hedera Futures in 2025

Coinbase计划于2025年推出Solana和Hedera Futures

Coinbase has proposed two types of futures contracts for Solana. The Standard Solana Futures (SLC) will have a contract size of 100 SOL, which is estimated to be worth $25,000 per contract if SOL trades at $250. The Nano Solana Futures (SOL) will have a smaller contract size of 5 SOL, with a notional value of $1,250 per contract. Coinbase has implemented a position limit of 3,500 SLC contracts. This limit represents approximately 0.07% of Solana's market capitalization.

Coinbase提出了Solana的两种期货合约。标准的Solana期货（SLC）的合同规模为100 SOL，如果Sol的交易价格为250美元，则估计每份合同价值25,000美元。纳米索拉纳期货（SOL）的合同规模较小，为5 SOL，名义价值为每份合同$ 1,250。 Coinbase已实施了3500个SLC合同的职位限制。该限制约占Solana市值的0.07％。

The Hedera Futures, also known as HED, is pegged at 5,000 HBAR per contract, with a position limit of 25 million HBAR. This would have a notional value of about $7.5 million per contract assuming a price of $0.30 per HBAR.

Hedera Futures（也称为HED）的每份合同固定为5,000 HBAR，位置限制为2500万HBAR。假设每个HBAR的价格为0.30美元，则每份合同的名义价值约为750万美元。

Coinbase will also boost liquidity by offering its Crypto Market Maker Program which aims at maximizing order book depth and thus improving trade execution for futures participants.

Coinbase还将通过提供其加密推销商计划来提高流动性，该计划旨在最大程度地提高订单深度，从而改善期货参与者的贸易执行。

These contracts, once approved by regulators, will allow traders to gain exposure to Solana and Hedera price changes without holding the underlying tokens. This approach helps traders manage risk while participating in the crypto market. Institutional and retail traders are likely to find these contracts attractive for diversifying their investments. The high-growth derivatives market in crypto presents new opportunities for investors seeking alternative trading strategies.

这些合同一旦获得监管机构的批准，将使交易者能够在不持有基础令牌的情况下获得Solana和Hedera价格变动的敞口。这种方法可以帮助交易者在参与加密市场时管理风险。机构和零售商交易者可能会发现这些合同对于使其投资多样化有吸引力。加密货币的高增长衍生品市场为寻求替代交易策略的投资者提供了新的机会。

In fact, institutions’ demand for crypto derivatives is rising. The filing from Coinbase shows that it plans to solidify its position in this market. If the CFTC clears the filing, it could mark another step toward expanding regulated crypto trading in the United States. This approval would include Solana and Hedera futures in the market.

实际上，机构对加密衍生品的需求正在上升。 Coinbase的文件显示，它计划巩固其在该市场中的地位。如果CFTC清除了文件，它可能标志着朝着扩大美国的加密货币交易的另一步骤。该批准将包括市场上的Solana和Hedera Futures。