Exciting News: CME Group to Launch Micro Euro-denominated Bitcoin and Ether Futures
CME Group Expands Cryptocurrency Derivatives Offering
CME Group, the world’s leading derivatives marketplace, has announced plans to expand its cryptocurrency derivatives offering by introducing Micro Bitcoin Euro and Micro Ether Euro futures on March 18, pending regulatory review.
Increased Interest in Bitcoin and Ether
Global investors have been seeking more precise tools to manage their risk as interest in Bitcoin and Ether grows. CME Group has experienced a four-fold increase in volume in its USD-denominated Micro Bitcoin and Micro Ether futures, prompting the launch of Micro Euro-denominated contracts to provide clients with additional products for efficient hedging.
New Euro-denominated Micro Futures Contracts
The new Micro Bitcoin Euro and Micro Ether Euro futures contracts, designed to match their USD-denominated counterparts, will be sized at one-tenth of their respective underlying cryptocurrencies. These contracts will be listed on and subject to the rules of CME.
Support from TP ICAP
TP ICAP will support the market-defining crypto derivative from CME Group by providing block facilitation services to this product, expanding the accessibility and utility of crypto derivatives, particularly within Europe.
Consistent Liquidity and Volume
CME Group’s Cryptocurrency product suite continues to provide consistent liquidity, volume, and open interest for clients seeking to hedge their risk or gain exposure to the asset class. January saw a record month in terms of average daily volume across all Cryptocurrency products, with Micro Bitcoin and Micro Ether futures experiencing a trading surge.
As the demand for precise cryptocurrency tools continues to grow, CME Group’s expansion of its cryptocurrency derivatives offering is a significant development in the market. The introduction of Micro Euro-denominated Bitcoin and Ether futures will provide global investors with more options for managing their risk and gaining exposure to the cryptocurrency market.
The support from TP ICAP further highlights the growing interest and demand for cryptocurrency derivatives, particularly within the European market. With consistent liquidity and volume, CME Group’s Cryptocurrency product suite remains a reliable option for investors looking to navigate the cryptocurrency landscape.
