The CME Group is officially announcing the upcoming launch of Micro Euro-Denominated Bitcoin and Ethereum futures on March 18.
In Brief
CME Group is looking to broaden its cryptocurrency derivatives offerings by rolling out Micro Bitcoin (BTC) Euro and Micro Ethereum (ETH) Euro futures beginning on March 18.
Derivatives marketplace CME Group They revealed plans to expand their cryptocurrency futures offerings by including Micro Bitcoin (BTC) Euro and Micro Ethereum (ETH) Euro futures starting March 18.
Launching these new Micro Euro-denominated futures contracts will give international investors better tools to manage their exposure to Bitcoin and Ethereum more strategically, as the euro stands as the second most traded currency after the US dollar.
The Micro BTC Euro and Micro ETH Euro futures contracts are designed to be a tenth of the size of their respective Bitcoin and Ethereum components, operating under the CME Group's established regulations.
TP ICAP, a company focused on liquidity and data solutions, has pledged to assist this cryptocurrency derivative by offering services to facilitate block trades. They've been providing pricing support and execution services for CME Group’s cryptocurrency derivatives since 2020.
Sam Newman, the Digital Assets Head of Broking at TP ICAP, commented, 'The global interest in cryptocurrency derivatives has skyrocketed in recent years, and these new euro-denominated micro futures contracts will considerably enhance accessibility and use within the European market.'
CME Group enables trading across futures, options, cash, and over-the-counter (OTC) markets, offering clients a comprehensive toolkit for managing their portfolios, analyzing data, and seizing global opportunities. Their futures and options on futures are accessible through the CME Globex platform, while fixed income trading occurs via BrokerTec, and foreign exchange transactions are conducted on the EBS platform.
A Rising Interest in Bitcoin and Ethereum Euro Futures
An increasing number of investors are seeking ways to hedge their risks or gain exposure to the Micro BTC Euro and Micro ETH Euro futures market.
In January, the average daily open interest for Bitcoin and Ethereum futures reached record highs with 23,500 contracts for BTC and 6,000 for ETH. Moreover, trading activity for both Micro BTC and Micro ETH futures surged, with daily volumes increasing by 43% compared to December 2023.
CME Group’s entry into euro-denominated micro futures signifies a response to an evolving market demand, further establishing its essential role in providing varied and effective trading options. cryptocurrency derivatives .
Disclaimer
In line with the Trust Project guidelines It’s crucial to remember that the information provided here is not meant to be considered as legal, tax, investment, or financial advice. Always invest what you can risk losing and obtain independent financial guidance if uncertain. For more details, we recommend checking the issuer's or advertiser's terms, conditions, and support resources. MetaversePost is dedicated to delivering accurate and unbiased news, but please be aware that market conditions can change without prior notice.
