The Chicago Mercantile Exchange Group, the world’s biggest futures exchange, will introduce a new product that will enable traders to bet on whether or not Ether prices go up or down. The company says its plan is to offer clients flexible options for trading in Ethereum-based digital assets while complying with strict risk management procedures.
The “CME Group to launch micro Ethereum futures in December” is a new product from CME Group. The company will offer ethereum futures contracts on the Chicago Mercantile Exchange starting on December 18, 2018. Read more in detail here: cme micro ethereum futures.
The Chicago Mercantile Exchange (CME) Group, one of the world’s major derivatives exchanges, said on Tuesday that it would introduce Ethereum-based micro futures by December 6.
Micro Ether futures, the newest addition to the CME Cryptocurrency product line-up, will be available on December 6. To learn more, go to: pic.twitter.com/HbcK3rpaqU https://t.co/1J2oX55Uc3 pic.twitter.com/HbcK3rpaqU
November 2, 2021 — CME Group (@CMEGroup)
“We have observed continuous rise in liquidity in these contracts, notably among institutional traders, since the debut of Ether futures in February,” said Tim McCourt, CME Group’s global head of Equity Index and Alternative Investment Products. “Micro Ether futures will provide CME Group customers even more flexibility and accuracy in trading Ether futures in a transparent, regulated, and efficient manner.”
CME plans to sell micro ETH futures in December.
Each share of the ETH-based derivatives product will be worth one-tenth of an Ether, according to the statement. This will allow institutional investors seeking for new ways to participate in the sector to diversify their portfolio by include investments in the second-largest crypto asset by market capitalization.
“Micro ether futures will provide an efficient, cost-effective way for a variety of market participants – from institutions to sophisticated, active, individual traders – to hedge their spot ether price risk or more nimbly execute ether trading strategies, all while retaining the features and benefits of CME Group’s larger-sized ether futures,” according to the press release.
The contracts will be cash-settled and will be “based on the CME CF Ether-Dollar Reference Rate,” which is the daily reference price of Ethereum in US dollars.
This isn’t the first crypto-related micro-sized contract that CME has handled. The business started trading Ether futures in February, and in May, the derivatives platform announced the introduction of tiny Bitcoin futures, which witnessed a record amount of trades in their first week. CME has successfully traded over 2.7 million contracts at that time.
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The “cme eth futures launch date” is the date that CME Group will launch their new Ethereum futures. It has been announced that this will happen on December 18th, but the exact time has not yet been revealed.
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