CME Group to Release Euro-Backed BTC and ETH Futures - BitcoinEthereumNews.com
The worlds leading financial derivatives platform – Chicago Mercantile Exchange (CME) Group – revealed intentions to introduce Bitcoin and Ether Futures tide to the euro later in August The company already has a deep history with the crypto industry. A few months ago, it launched micro options on Bitcoin and Ether futures, justifying its move with the surging investor appetite for such services. CME Dives Deeper Despite the grim condition of the cryptocurrency market, the American-based firm doubled down on its digital asset endeavors. It anunsyado the introduction of euro-denominated Bitcoin and Ether futures that will become available for customers at the end of the month. CME explained that those contracts will be sized at five BTC and 50 ETH per contract. The new features will be cash-settled, based on the CME CF Bitcoin-Euro Reference Rate and CME CF Ether-Euro Reference Rate. The entity assured they will be subject to the already built rules. Tim McCourt – Global Head of Equity and FX Products at CME Group – argued that the current status of the crypto sector increases the clients interest in such products: Ongoing uncertainty in cryptocurrency markets, along with the robust growth and deep liquidity of our existing Bitcoin and Ether futures, is creating