The global derivatives marketplace CME Group plans
to expand its cryptocurrency derivatives suite with Bitcoin and Ether futures.
Dubbed Micro Bitcoin Euro and Micro Ether Euro futures, the products will be
launched on March 18, pending regulatory approval.
Giovanni Vicioso, the Global Head of Cryptocurrency
Products at CME Group, mentioned: “The launch of these new Micro
Euro-denominated contracts will provide clients with additional products to
more efficiently hedge bitcoin and ether exposure in the second-highest traded
fiat behind U.S. dollar-based contracts.”
“Year-to-date, 24% of Bitcoin and Ether futures
volume at CME Group has been transacted from the EMEA region, and we continue
to develop additional tools for clients there to hedge their crypto portfolios
and express or take a view on potential market moves.”
Available March 18*, CME Group is introducing a second currency pair on our Micro Bitcoin and Micro Ether futures, Euro-denominated Bitcoin and Ether futures contracts.
*Pending regulatory review https://t.co/juxh2N2wDr
— CME Group (@CMEGroup) February 20, 2024
According to the press release, the addition of
Euro-denominated contracts aims to offer investors more efficient avenues for
hedging exposure to the top cryptocurrencies.
Micro Bitcoin Euro and Micro Ether Euro futures are
aimed to mirror their USD-denominated counterparts. These futures will be
listed on CME, providing clients with standardized contracts to manage their
crypto portfolios.
The global derivatives marketplace CME Group plans
to expand its cryptocurrency derivatives suite with Bitcoin and Ether futures.
Dubbed Micro Bitcoin Euro and Micro Ether Euro futures, the products will be
launched on March 18, pending regulatory approval.
Giovanni Vicioso, the Global Head of Cryptocurrency
Products at CME Group, mentioned: “The launch of these new Micro
Euro-denominated contracts will provide clients with additional products to
more efficiently hedge bitcoin and ether exposure in the second-highest traded
fiat behind U.S. dollar-based contracts.”
“Year-to-date, 24% of Bitcoin and Ether futures
volume at CME Group has been transacted from the EMEA region, and we continue
to develop…
