Cryptocurrency News

Leading Derivatives Marketplace CME Group Launches Euro-denominated BTC and ETH Futures

By August 31, 2022 No Comments
Bitcoin and Ethereum cover image

Chicago Mercantile Exchange Inc. (“CME”) has announced the expansion of its cryptocurrency product portfolio with the launch of euro-denominated Bitcoin and Ethereum futures. The two new crypto derivatives products have been cleared by the regulators and listed on CME on Monday.

Key takeaways:

  • According to the company’s press release, both Bitcoin Euro and Ether Euro futures contracts will be cash-settled following CME’s own BTC/EUR and ETH/EUR reference rates.
  • Bitcoin futures contracts will be sized at 5 BTC, whereas Ethereum futures will be sized at 50 ETH per contract. 
  • “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,” noted Tim McCourt, Global Head of Equity and FX Products at CME Group.
  • The launch of regularly sized euro-denominated BTC and ETH futures follows CME’s announcement from earlier this month, when the derivatives giant revealed its plans to launch options on Ethereum futures in mid-September.
  • Chicago-based CME Group is the world’s largest financial derivatives exchange, with nearly $197 billion in total assets as of 2021. The firm enables investors to trade a wide range of asset classes, including agricultural products, currencies, energy, interest rates, metals, stock indexes, and crypto futures.