CME Group set to list euro-denominated Bitcoin (BTC) and Ether (ETH) futures

CME Group, a leading derivatives marketplace, today announced its plans to expand further its cryptocurrency derivatives offering with the introduction of Bitcoin and Ether futures denominated in EUR on Monday, August 29th, pending regulatory review. Designed to match their U.S. dollar-denominated counterparts, Bitcoin Euro and Ether Euro futures contracts will be sized at five bitcoin…
CME Group set to list euro-denominated Bitcoin (BTC) and Ether (ETH) futures

CME Group, a leading derivatives marketplace, today announced its plans to expand further its cryptocurrency derivatives offering with the introduction of Bitcoin and Ether futures denominated in EUR on Monday, August 29th, pending regulatory review.

Designed to match their U.S. dollar-denominated counterparts, Bitcoin Euro and Ether Euro futures contracts will be sized at five bitcoin and 50 ether per contract.

The new contracts are cash-settled, based on the CME CF Bitcoin-Euro Reference Rate and CME CF Ether-Euro Reference Rate, which serve as once-a-day measures of the EUR-denominated price of BTC and ETH.

“Euro-denominated cryptocurrencies are the second highest traded fiat behind the U.S. dollar. Year-to-date, the EMEA region represents 28% of total Bitcoin and Ether futures contracts traded, up more than 5% versus 2021.”


– Tim McCourt, Global Head of Equity and FX Products, CME Group

In Q2, CME Group’s cryptocurrency segment saw a record average daily open interest of 106.2K contracts. It was the second highest quarter ever in average daily volume (57.4K contracts) across crypto products. Likewise, Ether futures reached a record average daily volume (6.6K contracts) in Q2, up 27% versus Q1.

Read More

Total
0
Shares
Leave a Reply

Your email address will not be published.

Related Posts
Crypto derivatives exchange Deribit adds new fiat deposit option via Banxa
Read More

Crypto derivatives exchange Deribit adds new fiat deposit option via Banxa

Deribit, a popular bitcoin & crypto derivatives exchange platform, announced today a new partnership with Banxa, an Australia-headquartered cryptocurrency-based payment service provider (PSP). This integration will offer Deribit users more options for deposit methods, allowing Deribit customers to purchase cryptocurrencies directly through the Deribit user interface with fiat currencies. Banxa supports 16 of the most mainstream…
Blockdaemon to operate node for blockchain energy infrastructure system Energy Web
Read More

Blockdaemon to operate node for blockchain energy infrastructure system Energy Web

Blockdaemon is running a validator node on the Energy Web Chain... Blockdaemon, an independent blockchain infrastructure platform & staking-as-a-service provider, today announced a new partnership with Energy Web, a global nonprofit organization building operating systems for energy grids using open-source decentralized technologies. As a certified Energy Web validator node operator, Blockdaemon will work to support…
Singapore’s FOMO Pay to utilize Ripple (XRP) for blockchain-enabled cross-border flows
Read More

Singapore’s FOMO Pay to utilize Ripple (XRP) for blockchain-enabled cross-border flows

FOMO Pay joins companies including Azimo, Novatti, FlashFX, iRemit, Tranglo, SBI Remit, Pyypl, and more who are discovering the benefits of ODL for their business and customers... Related News Kraken, the popular crypto exchange, has announced the results of its second 2022 Proof of Reserves audit, which has now been expanded beyond *BTC, and ETH*…