No products in the cart.
- Latest
- Trending
ADVERTISEMENT
Derivatives marketplace CME Group has announced that its euro-denominated Bitcoin (BTC) and Ether (ETH) futures contracts are now active.
On Monday, August 29, 2022, the company will officially announced Two euro-denominated crypto futures contracts, the product of which is Listed in and subject to CME regulations
Live now: Bitcoin and Ether futures denominated in Euros. Efficiently manage your Bitcoin and Ether exposure in your chosen underlying currency. https://t.co/Mxfk4ajee9 pic.twitter.com/A5BZ53RAYL
CME Group (@CMEGroup) August 29, 2022
As announced Earlier this month, the Bitcoin Euro will be resized to 5 BTC and the Ether Euro contract to 50 Ether. The contract will be settled in cash and will be based on the CME CF Bitcoin Euro Reference Rate and his CME CF Ether Euro Reference Rate, the company said in a statement.
“Our new Bitcoin Euro and Ether Euro futures offer US and international institutional investors a more precise and regulated tool for trading and hedging the two largest cryptocurrencies by market capitalization.Tim McCourt, Global Head of Equities and FX Products at CME Group, said:
He said the sale of the two contracts comes after strong results in terms of both overall growth and liquidity of the derivatives giant’s USD-denominated Bitcoin and Ether contracts.
CME Group is launching these futures products as the cryptocurrency market weathers a winter of cryptocurrencies that has driven crypto prices down. However, demand for well-regulated non-USD cryptocurrency derivatives remains high.
the provider too scheduled to launch Options contracts on Ether (ETH) futures. The 50 Ether size contract will be deployed on September 12th, subject to regulatory review.
