CME Group, one of many world’s main and most numerous derivatives marketplaces, at present introduced it should broaden its crypto derivatives choices with the introduction of Micro Ether futures on December sixth.
Sized at one-tenth of 1 ether, Micro Ether futures will present an environment friendly, cost-effective manner for a spread of market members – from establishments to stylish, energetic, particular person merchants – to hedge their spot ether value danger or extra nimbly execute ether buying and selling methods, all whereas retaining the options and advantages of CME Group’s larger-sized Ether futures.
Micro Ether futures will be part of CME Group’s rising suite of cryptocurrency derivatives, together with lately launched Micro Bitcoin futures which have traded greater than 2.7 million contracts since launched in Might.
Launch-to-date, greater than 675,500 Ether futures contracts (equal to about 33.8 million ETH) have traded. The brand new contract shall be cash-settled, based mostly on the CME CF Ether-Greenback Reference Fee, which serves as a once-a-day reference fee of the U.S. greenback value of ether.
“Because the launch of Ether futures in February, we now have seen regular progress in liquidity in these contracts, particularly amongst institutional merchants,” stated Tim McCourt, CME Group International Head of Fairness Index and Different Funding Merchandise. “On the identical time, the worth of ether has greater than doubled since these contracts have been launched, creating demand for a micro-sized contract to make this market much more accessible to a broader vary of members. Micro Ether futures will provide much more selection and precision in how they commerce Ether futures in a clear, regulated, and environment friendly method at CME Group.”
For extra info on Micro Ether futures (MET), click on right here.
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