SoFi Enables Solana Purchases as NYSE Adds Solana ETF Options Trading

The regulated U.S. bank SoFi allows its customers to buy SOL, while the New York Stock Exchange introduces options trading for Solana ETFs and a Solana-native hardware wallet is launched.

SOL

Summary

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Terms & Concepts
  • SOL: The native cryptocurrency of the Solana blockchain, used for transactions, staking, and network fees.
  • ETF Options: Derivatives contracts granting the right to buy or sell an exchange-traded fund (ETF) at a set price within a specific timeframe.
  • Hardware Wallet: A physical device that securely stores cryptocurrency private keys offline to protect against hacking.