Panama-based cryptocurrency derivatives trading platform Deribit announced in a recent tweet that it will soon add support for Solana (SOL) trading.
The first European options with SOL will go live on the exchange on May 9. The platform will offer daily, weekly and monthly options.
Solana futures will launch as early as this Friday, according to the announcement.
The addition of SOL options is significant since it highlights growing institutional interest in the cryptocurrency. It is worth noting that institutional traders account for the majority of the company's customer base (roughly 80%).
Prior to that, it only offered options in Bitcoin and Ethereum, the two largest cryptocurrencies by market cap with the highest level of liquidity.
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Deribit
reported by U.Today
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