CHICAGO, Aug. 29,
2022 /PRNewswire/ -- CME Group, the world's
leading derivatives marketplace, today launched Bitcoin Euro and
Ether Euro futures.
"The launch of these new futures contracts builds on the strong
growth and deep liquidity we have seen in our existing U.S.
dollar-denominated Bitcoin and Ether futures contracts," said
Tim McCourt, Global Head of Equity
and FX Products, CME Group. "Our new Bitcoin Euro and Ether Euro
futures will provide institutional clients, both within and outside
the U.S., with more precise and regulated tools to trade and hedge
exposure to the two largest cryptocurrencies by market cap."
Bitcoin Euro and Ether Euro futures contracts will be sized at
five bitcoin and 50 ether per contract. These new contracts will be
cash-settled, based on the CME CF Bitcoin-Euro Reference Rate
and CME CF Ether-Euro Reference Rate, which serve as once-a-day
reference rates of the euro-denominated price of bitcoin
and ether.
These new futures contracts will be listed on and subject to the
rules of CME.
For more information on this product, please visit
https://www.cmegroup.com/cryptocurrencies#explore-our-cryptocurrency-products.
As the world's leading derivatives marketplace, CME Group
(www.cmegroup.com) enables clients to trade futures, options, cash
and OTC markets, optimize portfolios, and analyze data – empowering
market participants worldwide to efficiently manage risk and
capture opportunities. CME Group exchanges offer the widest range
of global benchmark products across all major asset classes based
on interest rates, equity indexes, foreign
exchange, energy, agricultural
products and metals. The company offers futures and
options on futures trading through the CME Globex® platform, fixed
income trading via BrokerTec and foreign exchange trading on the
EBS platform. In addition, it operates one of the world's
leading central counterparty clearing providers, CME
Clearing.
CME Group, the Globe logo, CME, Chicago Mercantile Exchange,
Globex, and, E-mini are trademarks of Chicago Mercantile
Exchange Inc. CBOT and Chicago Board of Trade are trademarks of Board
of Trade of the City of Chicago,
Inc. NYMEX, New York Mercantile Exchange and ClearPort are
trademarks of New York Mercantile Exchange, Inc. COMEX is a
trademark of Commodity Exchange, Inc. BrokerTec and EBS are
trademarks of BrokerTec Europe LTD and EBS Group LTD,
respectively. Dow Jones, Dow Jones Industrial Average, S&P
500 and S&P are service and/or trademarks of Dow Jones
Trademark Holdings LLC, Standard & Poor's Financial Services
LLC and S&P/Dow Jones Indices LLC, as the case may be, and have
been licensed for use by Chicago Mercantile Exchange Inc. All
other trademarks are the property of their respective owners.
CME-G
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SOURCE CME Group