Chicago Mercantile Exchange (CME Group) launches Euro-denominated Bitcoin and Ethereum futures.
«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 Head of Equities and Forex Products CME Group Tim McCourt.
Bitcoin Euro and Ether Euro contracts are 5 BTC and 50 ETH. Futures are settled in cash according to the CME CF Bitcoin-Euro and CME CF Ether-Euro reference rates, which serve as a daily benchmark for the price of cryptoassets.
The exchange will list new products in accordance with the rules.< /p>
In December 2021, CME Group launched microfutures based on Ethereum.
Recall that on September 12, the exchange will begin trading options on futures of the second largest cryptocurrency by capitalization in anticipation of The Merge.
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