CME Group Launches Bitcoin and Ether Futures Denominated in EUR

The Chicago Mercantile Exchange (CME) announced the launch of Bitcoin and Ether futures contracts in euros on its markets.

  • according to press release From CME Group, futures contracts on Bitcoin and Ether Euro will have a volume of 5 Bitcoin and 50 Ether per contract.
  • The contracts will be settled in cash, based on the CME Euro reference rate for each cryptocurrency. This means that they will not trade for actual Bitcoin or Ethereum.
  • “Our Bitcoin Euro and Ether Euro futures will provide institutional clients, both in the US and abroad, with more accurate and regulated tools to trade and hedge exposure to the two largest cryptocurrencies by market capitalization,” said Tim McCourt, Global Head of Equities. and foreign exchange products in the CME Group.

  • CME Group is the world’s largest derivatives market. It has already allowed Bitcoin and Ether futures contracts denominated in US dollars for several years.
  • Last October, the Securities and Exchange Commission allowed the launch of the first bitcoin futures ETF, given the market manipulation protection that bitcoin futures have on the Chicago Mercantile Exchange.
  • However, the Commission has not yet approved a Bitcoin spot ETF, as the closest products have been Bitcoin trust funds provided by gray scale And the Black stone.

CME Group launched after Bitcoin and Ether Futures denominated in euros were first launched on CryptoPotato.

Leave a Comment