Share this article
CME Group Introduces Micro Ether Futures
Similar to the micro bitcoin futures launched in May, micro ether futures are 1/10 of one ETH.
Updated May 11, 2023, 5:47 p.m. Published Dec 6, 2021, 4:11 p.m. 1 min read
The Chicago Mercantile Exchange (CME) Group, the largest U.S. derivatives exchange, has introduced micro ether (ETH) futures, its second micro-crypto product of 2021.
- Similar to the micro bitcoin futures launched in May, micro ether futures are 1/10 of one ETH.
- The exchange is looking to offer investors an efficient means of hedging their ether exposure, it said Monday.
- “The launch of micro ether futures underscores the significant growth and liquidity we have seen in our cryptocurrency futures and options,” Tim McCourt, CME Group’s global head of equity index and alternative investment products, said in an email.
- CME Group most recently reported a daily trading volume of 43,286 for its micro bitcoin futures product. That’s more than three times the 12,868 trading volume of its bitcoin futures. Trading volume on ether futures was 6,854.
Read more: How Bitcoin Set Itself Up for This Sell-Off
UPDATE (Dec. 6, 16:41 UTC): Adds trading volumes in last bullet point.
More For You
Project Agorá, backed by major central banks, will now move toward "real-value" testing to settle tokenized central bank money and bank deposits on blockchain rails.
需要了解的:
- Project Agorá, backed by the Bank for International Settlements, found that tokenizing central bank reserves and commercial bank deposits could significantly improve the speed and reliability of payments across borders.
- With major central banks like the New York Fed, Bank of England and Bank of Japan involved, members now plan...
Top Stories
