The Chicago Mercantile Exchange (CME) Introduces Euro-Denominated Micro Bitcoin and Ether Futures
The Chicago Mercantile Exchange (CME) has announced that it will be launching euro-denominated micro Bitcoin and Ether futures on March 18, pending regulatory clearance. This comes after the successful introduction of U.S. dollar-denominated micro Bitcoin futures in May 2021 and micro Ether futures in December 2021.
Expanding Access to Crypto Futures
- The new euro-denominated micro futures contracts will be one-tenth the size of their respective underlying assets, making them more accessible for investors.
- CME aims to cater to a broader international market by offering these contracts, as 24% of Bitcoin and Ether futures volume originates from the EMEA region.
- This move follows a significant increase in demand for precise risk management tools, with a four-fold rise in volume for USD-denominated micro Bitcoin and Ether futures.
Continued Commitment to Crypto Derivatives
- CME’s introduction of these products demonstrates its ongoing dedication to the crypto derivatives market since launching its first Bitcoin futures in December 2017.
- Recent data shows high interest in these offerings, with record-high open interest and trading volumes for bitcoin futures reported last month, along with notable increases in ether futures activity.
Hot Take: CME Expands Crypto Futures Offering to Capture Growing Demand
The launch of euro-denominated micro Bitcoin and Ether futures by the Chicago Mercantile Exchange (CME) demonstrates its commitment to meeting the growing demand for cryptocurrency derivatives. By introducing smaller-sized contracts, CME is making it easier for investors to access Bitcoin and Ether markets.
This move also reflects CME’s efforts to cater to the international market, as a significant portion of futures volume comes from the EMEA region. With the rising interest in cryptocurrencies, these new products provide investors with more precise risk management tools.
As CME continues to expand its crypto offerings, it solidifies its position as a key player in the crypto derivatives space. The record-high open interest and trading volumes for bitcoin futures and increased activity in ether futures further highlight the growing popularity of these products.
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