CME Group to Launch Micro Euro-denominated Bitcoin and Ether Futures on March 18 By Investing.com
From Investing.com:
CME Group is set to launch Micro Bitcoin Euro and Micro Ether Euro futures on March 18, pending regulatory review. These contracts, sized at one-tenth of their respective cryptocurrencies, aim to provide more efficient hedging options for clients. Year-to-date, 24% of Bitcoin and Ether futures volume at CME Group has been transacted from the EMEA region.
TP ICAP will support the new crypto derivative from CME Group, offering block facilitation services to the product. The global Digital Assets business has been providing price discovery and execution services on CME Group’s suite of crypto derivatives since 2020. Interest in crypto derivatives has seen significant worldwide growth in recent years.
CME Group’s Cryptocurrency product suite has shown consistent liquidity, volume, and open interest, with January marking a record month in average daily volume and all-time highs for open interest in Bitcoin and Ether futures. Micro Bitcoin and Micro Ether futures also saw a surge in average daily volumes, growing 43% versus December 2023.
Read more: CME Group to Launch Micro Euro-denominated Bitcoin and Ether Futures on March 18 By Investing.com