Derive is expanding its derivatives markets with the launch of SOL trading, bringing one of the most active ecosystems in crypto to the Derive options platform.

With SOL spot, perpetual futures, and options now live, traders can access directional exposure, volatility strategies, and structured trades around SOL directly on Derive.

This article explains what the launch includes, how SOL markets work on Derive, and what traders can do with them.

Market Structure

SOL on Derive launches as a full trading market, including spot, perpetual futures, and options. SOL will be allowed as margin in a couple weeks.

What Can Traders Do Right Now?

1. Trade SOL Options

SOL options unlock volatility strategies commonly used by professional traders. Buying calls or puts, vertical spreads, volatility trades around market events are all possible.

2. Trade SOL Spot

Spot SOL also enables strategies such as; Covered calls, Spot + options yield strategies and hedging derivative positions

3. Trade SOL Perpetual Futures

SOL perpetual futures allow traders to take long or short exposure with leverage such as; Directional trading, Hedging spot exposure and Basis and funding strategies.

4. Build Structured Strategies

Because SOL markets integrate with Derive’s Portfolio Margin V2 system, traders can construct more advanced strategies including:

  • Covered calls using spot SOL
  • Call and put spreads
  • Delta-neutral volatility trades
  • Premium harvesting strategies

Portfolio margin reduces unnecessary collateral requirements while maintaining robust risk controls.

How do I try it out?

Getting started with SOL markets on Derive is straightforward.

1. Deposit collateral. Open the Derive app and deposit supported collateral such as USDC or ETH.

2. Create a SOL subaccount.

Navigate to: Subaccounts → Create subaccount

Select: SOL Market

Margin type: Portfolio Margin V2

3. Start trading. Once the subaccount is created you can trade:

  • SOL spot
  • SOL perpetual futures
  • SOL options
  • Multi-leg volatility strategies

What’s Coming Next?

The launch of SOL markets is another step in expanding Derive’s derivatives offering across major crypto ecosystems.

Upcoming initiatives may include:

  • Short-dated SOL options (0–3 DTE)
  • SOL and JitoSOL as collateral
  • Collaborations with Solana ecosystem communities

More details will be shared soon.

Try it on out: https://app.derive.xyz/trade/options?symbol=SOL