Chicago Mercantile Exchange announced that it will launch micro Bitcoin and Ether Futures in euro on March 18. The launch is set for March 18, subject to regulatory clearance.
This is a follow-up to the successful launch of U.S. Dollar-denominated Micro Bitcoin Futures in May 2020 and micro Ether in December 2020.
CME had previously In August 2022, regular Euro-denominated Bitcoin futures and Ether options contracts will be introduced alongside these products. cryptocurrencies.
Micro futures The contracts will be 10ths the size of the underlying assets. This is a better option for investors who want to get exposure to Bitcoin.BTCEther (ETH).
“Global investors have sought more precise tools to manage their risk as interest for bitcoin and ether grows,” Giovanni Vicioso is the Global Head of Cryptocurrency Products at CME Group.
Vicioso reported a fourfold increase in the volume of micro Bitcoin and micro Ether Futures denominated in USD, highlighting a growing demand for these products.
The decision to offer contracts in euro is a result of the CME Group The company is looking to serve a wider international market. It has noted that 24% volume of Bitcoin and Ether Futures originated in the EMEA Region.
“We continue to develop additional tools for clients there to hedge their crypto portfolios and express or take a view on potential market moves,” Vicioso added.
CME is committed to supporting the CME products. crypto derivatives Since December 2017, when it launched its first Bitcoin Futures.
Recent data shows a high level of interest in these products, with record-high levels. open interest Last month, there was a notable increase in the trading of ether and bitcoin futures.
“This article is not financial advice.”
“Always do your own research before making any type of investment.”
Source: crypto.news