Deribit, a derivatives trading platform, plans to launch Solana futures products, sources said

Deribit, a cryptocurrency derivatives trading platform, is launching a Solana (SOL) futures product, two sources said. Deribit has been gauging interest in Solana's products from option market makers for several months. The company confirmed to Blockworks that it is testing the SOL product internally and plans to launch it late this quarter or early in the second quarter. Deribit, based in Panama, currently offers only bitcoin and Ethereum options. Luuk Strijers, chief commercial officer at Dereibit, said the company had previously considered adding other tokens, but was concerned about liquidity and market maker coverage. "The demand for SOL is very clear right now," Strijers said. Deribit, which only accepts crypto deposits, is building the Solana Wallet to facilitate these trades. Users must deposit SOL to trade SOL derivatives. The company plans to offer perpetual trading, options, futures and portfolio margin services.