CME Group Announces Launch of Euro-denominated Bitcoin and Ether Futures
CME Group has launched new Bitcoin Euro and Ether Euro futures contracts, building on the existing U.S. dollar-denominated futures. These contracts aim to provide institutional clients with regulated trading tools for the two largest cryptocurrencies. Sized at five bitcoin and 50 ether per contract, they are cash-settled based on specific Euro reference rates. The launch is part of CME's strategy to enhance liquidity and trading precision for global clients.
- Launch of Bitcoin Euro and Ether Euro futures expands product offerings.
- New contracts cater to institutional clients, enhancing market depth.
- Cash-settled contracts based on established Euro reference rates improve trading efficiency.
- None.
CHICAGO, Aug. 29, 2022 /PRNewswire/ -- CME Group, the world's leading derivatives marketplace, today launched Bitcoin Euro and Ether Euro futures.
"The launch of these new futures contracts builds on the strong growth and deep liquidity we have seen in our existing U.S. dollar-denominated Bitcoin and Ether futures contracts," said Tim McCourt, Global Head of Equity and FX Products, CME Group. "Our new Bitcoin Euro and Ether Euro futures will provide institutional clients, both within and outside the U.S., with more precise and regulated tools to trade and hedge exposure to the two largest cryptocurrencies by market cap."
Bitcoin Euro and Ether Euro futures contracts will be sized at five bitcoin and 50 ether per contract. These new contracts will be cash-settled, based on the CME CF Bitcoin-Euro Reference Rate and CME CF Ether-Euro Reference Rate, which serve as once-a-day reference rates of the euro-denominated price of bitcoin and ether.
These new futures contracts will be listed on and subject to the rules of CME.
For more information on this product, please visit https://www.cmegroup.com/cryptocurrencies#explore-our-cryptocurrency-products.
As the world's leading derivatives marketplace, CME Group (www.cmegroup.com) enables clients to trade futures, options, cash and OTC markets, optimize portfolios, and analyze data – empowering market participants worldwide to efficiently manage risk and capture opportunities. CME Group exchanges offer the widest range of global benchmark products across all major asset classes based on interest rates, equity indexes, foreign exchange, energy, agricultural products and metals. The company offers futures and options on futures trading through the CME Globex® platform, fixed income trading via BrokerTec and foreign exchange trading on the EBS platform. In addition, it operates one of the world's leading central counterparty clearing providers, CME Clearing.
CME Group, the Globe logo, CME, Chicago Mercantile Exchange, Globex, and, E-mini are trademarks of Chicago Mercantile Exchange Inc. CBOT and Chicago Board of Trade are trademarks of Board of Trade of the City of Chicago, Inc. NYMEX, New York Mercantile Exchange and ClearPort are trademarks of New York Mercantile Exchange, Inc. COMEX is a trademark of Commodity Exchange, Inc. BrokerTec and EBS are trademarks of BrokerTec Europe LTD and EBS Group LTD, respectively. Dow Jones, Dow Jones Industrial Average, S&P 500 and S&P are service and/or trademarks of Dow Jones Trademark Holdings LLC, Standard & Poor's Financial Services LLC and S&P/Dow Jones Indices LLC, as the case may be, and have been licensed for use by Chicago Mercantile Exchange Inc. All other trademarks are the property of their respective owners.
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SOURCE CME Group
FAQ
What are the new futures launched by CME Group on Aug. 29, 2022?
How are the new Bitcoin and Ether Euro futures contracts sized?
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