FalconX successfully completed the first-ever block trade of CME Group’s Solana futures on March 16, 2025, with StoneX as the counterparty, a day before the official launch.

The introduction of Solana futures is seen as a key step towards potential SEC approval for Solana ETFs, with various asset management firms, including Franklin Templeton, filing applications.

FalconX reported significant trading volume in the crypto derivatives market, executing over 1.5 trillion USD across various tokens, bolstering its role as a liquidity provider.