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CME Group is preparing to roll out XRP futures on May 19, pending regulatory approval. According to an April 24 statement, the product will feature two contract sizes, including one tied to 2,500 XRP and another to 50,000 XRP. These contracts are designed to accommodate varying investment strategies. They will be cash-settled and benchmarked against […]
The post CME Group eyes May launch for XRP futures product appeared first on CryptoSlate.
After the most recent increase in the federal funds rate, the U.S. Federal Reserve is set to raise the lending rate by 25 basis points (bps) to 5.25% in three days, according to expectations. A recent poll of 105 economists revealed that 94 of them predict a 25bps rate hike will occur during the May [...]
The post US Central Bank Expected to Raise Lending Rate by 25bps: Experts Predict Final Hike of 2023 appeared first on Crypto Breaking News.
The latest bitcoin derivatives data indicates a continued climb in bitcoin futures open interest, hitting all-time peaks. Over the last day, statistics reveal an open interest of $32.30 billion across fourteen distinct bitcoin futures markets. Soaring Open Interest in BTC Futures Signals Growing Derivatives Market Friday, March 8, 2024, marked a notable day when BTC [...]
The post Bitcoin Futures Market Attracts Unprecedented Open Interest as Derivatives Appetite Grows appeared first on Crypto Breaking News.
CME Group partners with Google Cloud to pilot tokenization solutions, aiming for faster, cheaper financial settlements and market efficiency by 2026.
Chicago Mercantile Exchange (CME), one of the world’s largest derivatives marketplaces, plans to launch crypto Ether (ETH)/Bitcoin (BTC) ratio futures on July 31, 2023. This is even as Cboe BZX Exchange, one of four equities exchanges operated by Cboe Global Markets, approached the US securities watchdog on Thursday, requesting permission to list the Wise Origin Bitcoin Trust, according to Reuters.
Top asset manager Fidelity filed the Trust in March 2021 with the Securities and Exchange Commission, seeking to create an exchange-traded fund (ETC) that tracked the price performance of BTC, Finance Magnates reported. However, the SEC rejected the financial services giant's proposal for the spot BTC ETF in January last year.
The ‘BlackRock’ Fever
Cboe’s application to list Fidelity’s fund comes on the heels of resurging interest in cryptocurrency exposure among institutional investors. Following fund manager BlackRock’s proposal to the Securities and Exchange Commission (SEC) two weeks ago, ARK Invest, Fidelity, Invesco and WisdomTree have also sought similar approvals.
Surprisingly, the wave of new applications follows the SEC’s recent crackdown on ‘unregistered’ crypto exchanges in the United States, including Binance and Coinbase. Experts believe that traditional investors are trying to ride on the watchdog’s latest campaign to secure permission for their spot BTC ETF applications previously turned down.
CME Group Expands Crypto Futures Offering
Meanwhile, CME’s planned crypto ratio futures targets BTC and ETH, the two largest cryptocurrencies by market capitalization. Crypto ratio futures are a type of derivative contract that enables traders to bet on the relative price movements of two different digital assets. These contracts are traded on decentralized exchanges such as Binance Futures.
CME in the statement noted that its launch of the contract next month is dependent on regulatory review. It added that the crypto ratio futures will follow the same listing cycle as its BTC/ETH futures contracts.
“The Ether/Bitcoin Ratio futures will be cash-settled to the value of CME Group Ether futures final settlement price, divided by the corresponding CME Group Bitcoin futures final settlement price,” the derivatives exchange further elaborated.
Giovanni Vicioso, CME Group’s Global Head of Cryptocurrency Products, believes that the ratio futures contracts will give investors the ability to “capture ether and bitcoin exposure in a single trade without needing to take a directional view.”
“This new contract will help create opportunities for a broad array of clients looking to hedge positions or execute other trading strategies, all in an efficient, cost-effective manner,” Vicioso added.
AvaTrade's veteran joins GKFX; Nasdaq welcomes 60 IPOs; read today's news nuggets.
This article was written by Solomon Oladipupo at www.financemagnates.com.
According to the CME Group Fedwatch tool on Thursday, there was a 51% probability of a quarter-point rate increase during the upcoming Federal Open Market Committee (FOMC) meeting on June 14. Just a fortnight ago, the Fedwatch tool indicated a slim possibility of the federal funds rate reaching 5.50% next month. The following day on [...]
The post Market Outlook: CME Fedwatch Tool Points to Increased Chance of June Rate Hike appeared first on Crypto Breaking News.
On Wednesday, Valkyrie Funds, a Tennessee-based asset manager offering a bitcoin futures exchange-traded fund (ETF), a defi fund, and a bitcoin mining industry ETF, filed with the U.S. Securities and Exchange Commission (SEC) for the launch of a spot bitcoin ETF. SEC Flooded With Spot Bitcoin ETF Applications as Valkyrie Funds Steps Into the Ring
The post Valkyrie Funds Joins Race for SEC Approval as It Files Application for Spot Bitcoin ETF appeared first on BTC Ethereum Crypto Currency Blog.
The firm has seen significant demand for its crypto products since November despite the bear market, according to the CEO.
CME Group and CF Benchmarks will launch reference rates for Axie Infinity Shards AXS, Chiliz (CHZ), and Decentraland's MANA. Sector-specific portfolios may be priced using reference rates and indices. CME Group introduced Bitcoin and Ether options last year. (Read More)
<p class="MsoNormal">Derivatives marketplace operator, CME Group, and cryptocurrency benchmark indices provider, CF Benchmarks, will launch three new Metaverse reference rates and real-time indices on January 30, the firms announced on Thursday. </p><p class="MsoNormal">The benchmarks, which will be calculated and published daily by CF Benchmarks, will provide “accurate and resilient pricing data” for tokens linked to the Axie Infinity (AXS), Chiliz (CHZ) and Decentraland (MANA) Metaverse-based platforms. The benchmarks will be published as non-tradable futures products, the firms said.</p><p class="MsoNormal">“Each of the new Axie Infinity, Chiliz, and Decentraland benchmarks will be calculated with pricing data from a minimum of two of these exchanges – Bitstamp, Coinbase, Gemini, itBit, Kraken, and LMAX Digital,” the firms disclosed in a statement, adding that the benchmarks will be based on “robust methodologies” and will be regularly vetted by experts.</p><p class="MsoNormal">The firms further noted that each benchmark will provide the US dollar price of each digital asset. These prices will be “published once-a-day at 4 pm London time,” <a href="https://www.financemagnates.com/tag/cme-group/" target="_blank" rel="follow">CME Group</a> and CF Benchmark said, further noting that each index will be published around-the-clock.</p><p>Check out this FMLS22 session on Metaverse and trading.</p><p class="MsoNormal text-align-justify">CME Group and CF Benchmark Aim for ‘Transparent, Regulated and Round-the-Clock Pricing’</p><p class="MsoNormal">Speaking in the statement, Giovanni Vicioso, CME Group Global Head of Cryptocurrency Products noted that the cryptocurrency industry has continued to see increased interest in <a href="https://www.financemagnates.com/cryptocurrency/the-metaverse-is-misunderstood/" target="_blank" rel="follow">Metaverse projects</a>. </p><p class="MsoNormal">"With increased price transparency across more cryptocurrency products, market participants will be able to price sector-specific portfolios, <a href="https://www.financemagnates.com/cryptocurrency/can-the-metaverse-facilitate-sustainable-growth-of-decentralized-finance-defi-systems/" target="_blank" rel="follow">develop structured products</a> with greater confidence and manage price risk around various Metaverse-based projects,” Vicioso explained. </p><p class="MsoNormal text-align-justify">Also speaking, Sui Chung, CEO of CF Benchmarks, expressed excitement at being able to provide investors with exposure to all types of digital assets through high benchmarking standards.</p><p class="MsoNormal">"These benchmarks will provide accurate and resilient pricing data for tokens linked to the Metaverse, an exciting new scion of crypto where properties and communities can exist wholly within a virtual realm," Chung added.</p> This article was written by Solomon Oladipupo at www.financemagnates.com.
<p class="MsoNormal">The derivatives marketplace operator, CME Group, and cryptocurrency benchmark indices provider, CF Benchmarks, will launch three new Metaverse reference rates and real-time indices on January 30, the firms announced on Thursday. </p><p class="MsoNormal">The benchmarks, which will be calculated and published daily by CF Benchmarks, will provide “accurate and resilient pricing data” for tokens linked to the Axie Infinity (AXS), Chiliz (CHZ) and Decentraland (MANA) Metaverse-based platforms. The benchmarks will be published as non-tradable futures products, the firms stated.</p><p class="MsoNormal">“Each of the new Axie Infinity, Chiliz, and Decentraland benchmarks will be calculated with pricing data from a minimum of two of these exchanges – Bitstamp, Coinbase, Gemini, itBit, Kraken, and LMAX Digital,” the firms disclosed in a statement, adding that the benchmarks will be based on “robust methodologies” and will be regularly vetted by experts.</p><p class="MsoNormal">In addition, the firms noted that each benchmark will provide the US dollar price of each digital asset. These prices will be “published once-a-day at 4 pm London time,” CME Group and CF Benchmark said, noting that each index will be published around-the-clock.</p><p>Check out this FMLS22 session on Metaverse and trading.</p><p class="MsoNormal text-align-justify">CME Group and CF Benchmark Aim for ‘Transparent, Regulated and Round-the-Clock Pricing’</p><p class="MsoNormal">Giovanni Vicioso, CME's Group Global Head of Cryptocurrency Products, noted that the cryptocurrency industry has continued to see increased interest in <a href="https://www.financemagnates.com/cryptocurrency/the-metaverse-is-misunderstood/" target="_blank" rel="follow">Metaverse projects</a>. </p><p class="MsoNormal">"With increased price transparency across more cryptocurrency products, market participants will be able to price sector-specific portfolios, <a href="https://www.financemagnates.com/cryptocurrency/can-the-metaverse-facilitate-sustainable-growth-of-decentralized-finance-defi-systems/" target="_blank" rel="follow">develop structured products</a> with greater confidence and manage price risk around various Metaverse-based projects,” Vicioso explained. </p><p class="MsoNormal text-align-justify">Also speaking, Sui Chung, the CEO of CF Benchmarks, expressed excitement at being able to provide investors with exposure to all types of digital assets through high benchmarking standards.</p><p class="MsoNormal">"These benchmarks will provide accurate and resilient pricing data for tokens linked to the Metaverse, an exciting new scion of crypto where properties and communities can exist wholly within a virtual realm," Chung added.</p> This article was written by Solomon Oladipupo at www.financemagnates.com.
<p class="MsoNormal">The derivatives marketplace operator, CME Group, and cryptocurrency benchmark indices provider, CF Benchmarks, will launch three new Metaverse reference rates and real-time indices on January 30, the firms announced on Thursday. </p><p class="MsoNormal">The benchmarks, which will be calculated and published daily by CF Benchmarks, will provide “accurate and resilient pricing data” for tokens linked to the Axie Infinity (AXS), Chiliz (CHZ) and Decentraland (MANA) Metaverse-based platforms. The benchmarks will be published as non-tradable futures products, the firms stated.</p><p class="MsoNormal">“Each of the new Axie Infinity, Chiliz, and Decentraland benchmarks will be calculated with pricing data from a minimum of two of these exchanges – Bitstamp, Coinbase, Gemini, itBit, Kraken, and LMAX Digital,” the firms disclosed in a statement, adding that the benchmarks will be based on “robust methodologies” and will be regularly vetted by experts.</p><p class="MsoNormal">In addition, the firms noted that each benchmark will provide the US dollar price of each digital asset. These prices will be “published once-a-day at 4 pm London time,” CME Group and CF Benchmark said, noting that each index will be published around-the-clock.</p><p>Check out this FMLS22 session on Metaverse and trading.</p><p class="MsoNormal text-align-justify">CME Group and CF Benchmark Aim for ‘Transparent, Regulated and Round-the-Clock Pricing’</p><p class="MsoNormal">Giovanni Vicioso, CME's Group Global Head of Cryptocurrency Products, noted that the cryptocurrency industry has continued to see increased interest in <a href="https://www.financemagnates.com/cryptocurrency/the-metaverse-is-misunderstood/" target="_blank" rel="follow">Metaverse projects</a>. </p><p class="MsoNormal">"With increased price transparency across more cryptocurrency products, market participants will be able to price sector-specific portfolios, <a href="https://www.financemagnates.com/cryptocurrency/can-the-metaverse-facilitate-sustainable-growth-of-decentralized-finance-defi-systems/" target="_blank" rel="follow">develop structured products</a> with greater confidence and manage price risk around various Metaverse-based projects,” Vicioso explained. </p><p class="MsoNormal text-align-justify">Also speaking, Sui Chung, the CEO of CF Benchmarks, expressed excitement at being able to provide investors with exposure to all types of digital assets through high benchmarking standards.</p><p class="MsoNormal">"These benchmarks will provide accurate and resilient pricing data for tokens linked to the Metaverse, an exciting new scion of crypto where properties and communities can exist wholly within a virtual realm," Chung added.</p> This article was written by Solomon Oladipupo at www.financemagnates.com.
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CME Group is now proposing a new approach to crypto derivatives. The new approach could signal big structural shifts for traditional financial derivatives away from intermediaries. (Read More)
CME Group, a leading derivatives marketplace, has launched the options of Ether futures, given that the much-anticipated merge has been pushing demand. (Read More)
The CME group said that its new Ether Euro futures contract is designed to match that of its U.S.-denominated counterpart.
Continue reading CME Group Launches Euro-Denominated Bitcoin (BTC) Futures at DailyCoin.com.
CME's new product is expected to launch just before the long-awaited Merge.
Ethereum futures are coming to the worlds largest derivatives marketplace, CME Group. Managing Ethereum Price Risk Institutions keep expanding the spectrum of crypto derivative products. The world’s largest derivatives marketplace,...
CME is about to launch Euro-denominated Bitcoin and Ether Futures products to meet the ever-growing demand for derivatives from an influx of retail and institutional investors. (Read More)
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 […]
The post CME Group set to list euro-denominated Bitcoin (BTC) and Ether (ETH) futures appeared first on CryptoNinjas.
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