CME Group set to checklist euro-denominated Bitcoin (BTC) and Ether (ETH) futures


CME Group, a number one derivatives market, right now introduced its plans to increase additional its cryptocurrency derivatives providing with the introduction of Bitcoin and Ether futures denominated in EUR on Monday, August twenty ninth, pending regulatory evaluation.

Designed to match their U.S. dollar-denominated counterparts, Bitcoin Euro and Ether Euro futures contracts will likely be sized at 5 bitcoin and 50 ether per contract.

These new contracts will likely be cash-settled, based mostly on the CME CF Bitcoin-Euro Reference Price and CME CF Ether-Euro Reference Price, which function once-a-day reference charges of the euro-denominated worth of BTC and ETH. These new futures contracts will likely be listed on and topic to the principles of CME.

“Euro-denominated cryptocurrencies are the second highest traded fiat behind the U.S. greenback. Yr-to-date, the EMEA area represents 28% of whole Bitcoin and Ether futures contracts traded, up greater than 5% versus 2021.”
– Tim McCourt, World Head of Fairness and FX Merchandise, CME Group

In Q2, CME Group’s cryptocurrency section noticed a file common day by day open curiosity of 106.2K contracts. It was the second highest quarter ever in common day by day quantity (57.4K contracts) throughout crypto merchandise. Likewise, Ether futures reached a file common day by day quantity (6.6K contracts) in Q2, up 27% versus Q1.

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