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The Chicago Mercantile Exchange (CME Group) has launched Bitcoin and Ethereum futures in euro. “The launch of these new futures contracts is based on the strong growth and
The Chicago Mercantile Exchange (CME Group) has launched Bitcoin and Ethereum futures in euro.
“The launch of these new futures contracts is based on the strong growth and deep liquidity seen in our USD-traded Bitcoin and Ethereum products,” said Tim McCourt, head of equities and forex products at CME Group.
Bitcoin Euro and Ether Euro contracts are 5 BTC and 50 ETH. Futures are settled in cash based on the CME CF Bitcoin-Euro and CME CF Ether-Euro reference rates, which serve as a daily benchmark for the price of crypto assets.
The exchange will list new products in accordance with the rules.
In December 2021, CME Group launched Ethereum-based micro futures.
Recall that on September 12, the exchange will begin trading options for futures of the second largest cryptocurrency, capitalizing in anticipation of The Merge.
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Source: Fork Log
I’m Sandra Torres, a passionate journalist and content creator. My specialty lies in covering the latest gadgets, trends and tech news for Div Bracket. With over 5 years of experience as a professional writer, I have built up an impressive portfolio of published works that showcase my expertise in this field.
