CME is Launching EUR Crypto Futures, BTC and ETH in August
CME Group announced it will will expand its crypto offering by adding Bitcoin Euro and Ethereum Euro futures on 29 August 2022 (subject to regulatory approval). The BTC EUR futures will be the size of 5 bitcoin per contract. ETH EUR contracts'' size will be 50 ETH per contract. The contracts will be cash-settled via CME CF Bitcoin-Euro | Ethereum-Euro reference (a one-day referrence rates). Tim McCourt, CME Global Head of Equity and FX Products said the following on the lauch of the new contracts: "Ongoing uncertainty in cryptocurrency markets, along with the robust growth and deep liquidity of our existing Bitcoin and Ether futures, is creating increased demand for risk management solutions by institutional investors outside the U.S. "Our Bitcoin Euro and Ether Euro futures contracts will provide clients with more precise tools to trade and hedge exposure to the two largest cryptocurrencies by market cap. "Euro-denominated cryptocurrencies are the second highest traded fiat behind the U.S. dollar.
CME is Launching EUR Crypto Futures, BTC and ETH in August
CME Group announced it will will expand its crypto offering by adding Bitcoin Euro and Ethereum Euro futures on 29 August 2022 (subject to regulatory approval). The BTC EUR futures will be the size of 5 bitcoin per contract. ETH EUR contracts'' size will be 50 ETH per contract. The contracts will be cash-settled via CME CF Bitcoin-Euro | Ethereum-Euro reference (a one-day referrence rates). Tim McCourt, CME Global Head of Equity and FX Products said the following on the lauch of the new contracts: "Ongoing uncertainty in cryptocurrency markets, along with the robust growth and deep liquidity of our existing Bitcoin and Ether futures, is creating increased demand for risk management solutions by institutional investors outside the U.S. "Our Bitcoin Euro and Ether Euro futures contracts will provide clients with more precise tools to trade and hedge exposure to the two largest cryptocurrencies by market cap. "Euro-denominated cryptocurrencies are the second highest traded fiat behind the U.S. dollar.