Share this article
CME Group Announces Plans to Launch ETH to BTC Ratio Futures
The futures will be cash-settled, the derivatives exchange said.
By Helene Braun
Jun 29, 2023, 5:54 p.m.
Make us preferred on Google
Derivatives exchange CME Group plans to launch ether/bitcoin (ETH/BTC) ratio futures on July 31, if approved by regulators, the company announced Thursday.
The futures will be cash-settled, meaning that cash exchanges hands at settlement instead of the underlying instrument. CME Group Ether futures final settlement price will be divided by the corresponding CME Group Bitcoin futures final settlement price to determine the value.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
"Historically, ether and bitcoin have been highly correlated; however, as the two assets have grown over time, market dynamics may affect the performance of one more than the other, creating relative value trading opportunities," Giovanni Vicioso, CME Group global head of cryptocurrency products said in a statement. “With the addition of Ether/Bitcoin Ratio futures, investors will be able to capture ether and bitcoin exposure in a single trade, without needing to take a directional view.”
In May, CME Group added daily expirations for bitcoin and ether futures options contracts as well as micro-sized bitcoin and ether futures.
More For You
KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.
What to know:
- KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
- This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
- Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.
- Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
- Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.
More For You
Agora's Nick van Eck bets on stablecoin boom in enterprise payments
Agora CEO Nick van Eck sees stablecoin adoption shifting to real-world business for cross-border payments.
What to know:
- Agora, founded by Nick van Eck, is shifting its focus from DeFi growth toward using its AUSD stablecoin for enterprise payroll, B2B and cross-border payments.
- Van Eck argued that traditional companies will adopt stablecoins slowly due to infrastructure, policy and education gaps, but sees the biggest gains in replacing costly, pre-funded cross-border payment systems.
- He said he expects corporate-controlled chains like Circle's Arc, Coinbase's Base and Stripe's Tempo to dominate as the market consolidates, and aims for Agora to become a top-five global stablecoin issuer by building tools that feel more like bank accounts than crypto.
Top Stories
