CME Announces Ethereum Futures

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After almost exactly three years since bitcoin futures launched, the Chicago Mercantile Exchange (CME) announced ethereum futures are to go live on February 8, 2021. “Based on increasing client demand and robust growth in our Bitcoin futures and options markets, we believe the addition of Ether futures will provide our clients with a valuable tool to trade and hedge this growing cryptocurrency,” Tim McCourt, CME Group’s Global Head of Equity Index and Alternative Investment Products said before adding: “Ethereum is the second-largest cryptocurrency by both market capitalization and daily volume. The introduction of listed Ether futures to our time-tested, regulated CME Group derivatives marketplace will help to create a forward curve so Ethereum market participants can better manage price risk.” They are to be cash settled as for bitcoin which on CME now handles more than $1 billion a day in trading volumes and has options too. As the second…

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