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CME Group Announces Launch of Micro Ether Futures

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CME Group has launched Micro Ether futures, expanding its cryptocurrency derivatives offerings. This product, sized at one-tenth of one Ether, aims to provide a cost-effective way for various market participants, including institutions and individual traders, to hedge Ether price risks. The launch reflects growth in the cryptocurrency market and is expected to attract strong demand. The new futures are cash-settled based on the CME CF Ether-Dollar Reference Rate, offering a transparent and efficient trading option.

Positive
  • Launch of Micro Ether futures expands cryptocurrency derivatives offerings.
  • Product is sized at one-tenth of one Ether, catering to diverse market participants.
  • Expected to attract strong demand due to cost-effectiveness and transparency.
Negative
  • None.

CHICAGO, Dec. 6, 2021  /PRNewswire/ -- CME Group, the world's leading and most diverse derivatives marketplace, today launched Micro Ether futures, further expanding its suite of cryptocurrency derivatives offerings, and marking its second micro cryptocurrency product this year.

"The launch of Micro Ether futures underscores the significant growth and liquidity we have seen in our cryptocurrency futures and options," said Tim McCourt, CME Group Global Head of Equity Index and Alternative Investment Products. "Sized at one-tenth of one Ether, Micro Ether futures will provide an efficient, cost-effective way for a range 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."

"The range of futures products that CME Group offers enable our active trader and institutional investor clients to take advantage of trading opportunities while minimizing price risk across markets," said Steve Sanders, Executive Vice President of Marketing and Product Development at Interactive Brokers. "As investor demand for digital assets continues to grow, we are pleased to now offer our clients access to Micro Ether futures as a cost-effective, efficient and transparent way to access cryptocurrency and manage Ether exposure."

"Wedbush continues to support the evolution of cryptocurrency derivatives," said Bob Fitzsimmons, Executive Vice President at Wedbush Securities. "Micro Ether futures is a timely example of CME Group providing product to the new retail market participants we have witnessed this past year, while also providing institutional asset managers more tools to track performance."

"TradeStation is proud to support the launch of CME's new Micro Ether futures, as it lowers the barrier of entry and provides traders increased exposure to Ether," said John Bartleman, CEO and President of TradeStation Group, Inc. "The demand for micro contracts and Ether only continues to grow, so offering this futures product to our customers from day one was a given."

"As a firm at the forefront of providing traders with access to innovative products in alternative asset classes, we are delighted that CME Group is expanding its derivatives offering with the launch of Micro Ether futures," said Brooks Dudley, ED&F Man Capital Markets Global Head of Digital Assets. "We have seen huge appetite for cost-efficient, regulated products such as these micro-sized contracts and expect they will attract strong demand."

CME Micro Ether futures are cash-settled, based on the CME CF Ether-Dollar Reference Rate, which serves as a once-a-day reference rate of the U.S. dollar price of Ether. Micro Ether futures are listed on and subject to the rules of CME.  

For more information on this product, please see: www.cmegroup.com/microether.  

As the world's leading and most diverse 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 ratesequity indexesforeign exchangeenergyagricultural 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. 

Cision View original content:https://www.prnewswire.com/news-releases/cme-group-announces-launch-of-micro-ether-futures-301437548.html

SOURCE CME Group

FAQ

What are Micro Ether futures launched by CME?

Micro Ether futures are a new cryptocurrency derivatives product from CME Group, sized at one-tenth of one Ether.

When did CME Group launch Micro Ether futures?

CME Group launched Micro Ether futures on December 6, 2021.

How do Micro Ether futures benefit traders?

They provide a cost-effective way for traders to hedge Ether price risks and execute trading strategies.

What is the significance of Micro Ether futures for market participants?

They enable a range of market participants, from institutions to individual traders, to manage Ether exposure efficiently.

Where can I find more information about CME Micro Ether futures?

More information can be found on CME Group's official website at www.cmegroup.com/microether.

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