Home Ethereum CME Group Set to List Euro-Denominated Bitcoin (BTC) and Ether (ETH) Futures » CryptoNinjas

CME Group Set to List Euro-Denominated Bitcoin (BTC) and Ether (ETH) Futures » CryptoNinjas

0
CME Group Set to List Euro-Denominated Bitcoin (BTC) and Ether (ETH) Futures » CryptoNinjas

CME Group, a number one derivatives exchange, today announced plans to further develop its cryptocurrency derivatives with the introduction of Bitcoin Euro and Ether Euro futures on Monday, August 29, pending further development. regulatory assessment.

Designed to match their US dollar-denominated counterparts, Bitcoin Euro and Ether Euro futures contracts can be sized at 5 bitcoins and 50 ethers per contract.

These new contracts can be settled in cash, mainly based on the CME CF Bitcoin-Euro benchmark price and the CME CF Ether-Euro benchmark price, which work with a daily benchmark fee of the euro-denominated value of bitcoin and ether. These new futures contracts can be quoted and submitted to the CME foundations.

“Euro-denominated cryptocurrencies are the second most traded fiat behind the US greenback. Year-to-date, EMEA accounts for 28% of the full Bitcoin and Ether futures contracts traded, up more than 5% from 2021.”
– Tim McCourt, Global Head of Equity and Commodity FX, CME Group

CME Group’s suite of cryptocurrency products continues to provide consistent open liquidity, quantity and curiosity to buyers looking to hedge their threat or advertise the asset class. Q2 was a common daily interest quarter paper (106.2K contracts).

This was the second highest quarter ever in common daily quantity (57.4,000 contracts) for any cryptocurrency product. Additionally, Ether futures hit a record daily contract count of 6,600 in the second quarter, up more than 27% from the first quarter.

LEAVE A REPLY

Please enter your comment!
Please enter your name here