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Chicago Mercantile Exchange (CME) Group has expanded its crypto derivatives offerings by launching Micro Ether Futures.
The post Micro Ether Futures now live on CME Group to hedge price price of spot ETH appeared first on CryptoSlate.
Chicago Mercantile Exchange (CME) Group has expanded its crypto derivatives offerings by launching Micro Ether Futures.
The post Micro Ether Futures now live on CME Group appeared first on CryptoSlate.
CME has announced the launch of the Ethereum Futures micro variant in a significant development for the second largest crypto-asset by market capitalization on Dec 06. It's denominated at 1/10 of 1 ETH and will allow users to speculate with precision. This is especially useful because it offers an inclusive product for market participants of all sizes and different risk appetites. The micro product by CME for Ethereum Futures is financially settled, meaning that the final settlement will be made in cash or any other financial instrument, instead of delivering the actual underlying product ETH.
https://twitter.com/PriapusIQ/status/1467841972324995074 Ethereum Futures - Specifications And AdvantagesEthereum Futures micro product was announced on Nov 02, subject to regulatory approval. It appears that CME was able to pass the regulatory hurdles, paving the way for other futures products also, in the process. CME listed the following benefits for launching a micro variant of Ethereum Futures:
CME pitched the Ethereum Futures micro variant earlier in the following words “The ETH notional value has increased from $1.7K on the date that it launched to nearly $3.6K on October 11, 2021. The amount of capital needed to access the futures market has significantly increased. To make our market more accessible to risk managers and other traders, CME Group will launch the Micro Ether futures contract, which is 1/500 the size of the Ether futures contract (i.e. 1/10 of one ether versus fifty ether for Ether futures (ETH)“
ethereum futures© Cryptoticker
The post Ethereum Futures – CME Launches Micro Product appeared first on CryptoTicker.
The Chicago Mercantile Exchange (CME) is set to launch a Micro Ether Futures (MEF) product in a bid to expand its crypto derivatives offerings. (Read More)
The global derivatives marketplace CME Group plansto expand its cryptocurrency derivatives suite with Bitcoin and ether futures.Dubbed Micro Bitcoin Euro and Micro Ether Euro futures, the products will belaunched on March 18, pending regulatory approval.
CME Group Enhances Crypto Hedging
Giovanni Vicioso, the Global Head of CryptocurrencyProducts at CME Group, mentioned: "The launch of these new MicroEuro-denominated contracts will provide clients with additional products tomore efficiently hedge Bitcoin and ether exposure in the second-highest tradedfiat behind US dollar-based contracts."
"Year-to-date, 24% of Bitcoin and ether futuresvolume at CME Group has been transacted from the EMEA region, and we continueto develop additional tools for clients there to hedge their crypto portfoliosand express or take a view on potential market moves."
Available March 18*, CME Group is introducing a second currency pair on our Micro Bitcoin and Micro Ether futures, Euro-denominated Bitcoin and Ether futures contracts. *Pending regulatory review https://t.co/juxh2N2wDr
CME Group (@CMEGroup) February 20, 2024According to the press release, addingEuro-denominated contracts offers investors more efficient avenues forhedging exposure to the top cryptocurrencies. Micro Bitcoin Euro and Micro Ether Euro futures will mirror their USD-denominated counterparts. These futures will belisted on CME Group, providing clients with standardized contracts to manage theircrypto portfolios.
During the second quarter of 2023, there was asignificant surge in institutional investments in Bitcoin and ether futures,influenced by the escalating value of crypto assets and the surge inapplications for spot Bitcoin ETFs. According to a report by Finance Magnates, CME Group reported a notable growth in the number of institutional investors holdingBitcoin and ether futures contracts.
Bitcoin and Ether Futures Market
The CME Group reported that an average of 107institutional investors held at least 25 Bitcoin futures contracts, while 62held ether futures contracts during the same period. This surge in interesthighlighted the growing acceptance of crypto derivatives as legitimateinvestment tools.
The rise in institutional investments paralleled theupward trajectory of Bitcoin and ether prices. Bitcoin witnessed a surge of 84% in the first half of last year.
Open interest in standard Bitcoin futures contractsalso surged by 15% year-over-year, indicating a robust market demand forBitcoin exposure. The rising interest among institutional clients was partlyattributed to the applications for spot Bitcoin ETFs in the US.
This article was written by Jared Kirui at www.financemagnates.com.
Derivatives trading products saw rapid growth, suggesting that professional traders were actively seeking exposure to cryptocurrencies.
Crypto exchange and clearinghouse Cboe Digital will be able to offer margined bitcoin and ether futures contracts with the approval of the U.S. derivatives markets regulator. This will allow its clients to trade cryptocurrency futures with less collateralized capital upfront. Cboe Wins Regulatory Nod for Margin Trades on Crypto Futures Exchange U.S. exchange operator Cboe
The post Cboe Receives CFTC Approval to Launch Leveraged Crypto Derivatives appeared first on BTC Ethereum Crypto Currency Blog.
ProShares has filed for an equal-weight Bitcoin and Ether exchange-traded fund, marking the 11th Ether ETF application in less than seven days.
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