Saturday, February 4, 2023
Crypto News
Advertisement
  • Home
  • Cryptocurrency
  • Bitcoin
  • Altcoin
  • Cardano
  • Ethereum
  • Blockchain
  • Ripple
  • Videos
No Result
View All Result
  • Home
  • Cryptocurrency
  • Bitcoin
  • Altcoin
  • Cardano
  • Ethereum
  • Blockchain
  • Ripple
  • Videos
No Result
View All Result
Crypto News
No Result
View All Result
Home Ethereum

Derivatives Exchange Giant CME Group Announces Micro Ethereum Futures Launch – Finance Bitcoin News

by Crypto News
November 2, 2021
in Ethereum
0
Derivatives Exchange Giant CME Group Announces Micro Ethereum Futures Launch – Finance Bitcoin News
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter


Derivatives Exchange Giant CME Group Announces Micro Ethereum Futures Launch

On Tuesday, the world’s largest monetary derivatives alternate, Chicago Mercantile Alternate (CME) Group, introduced the upcoming launch of ethereum-based micro futures slated to be listed on December 6. The launch follows CME Group’s bitcoin micro futures itemizing in Could, which noticed 100,000 micro bitcoin futures traded through the first six days after launch.

CME to Launch Micro Ether Futures Pending Regulatory Approval

CME Group introduced on Tuesday that the corporate plans to launch micro ether futures on December 6, “pending regulatory evaluate.” In keeping with the CME announcement, every share will account for one-tenth of 1 ether.

“Micro ether futures will present an environment friendly, cost-effective approach for a spread of market contributors – from establishments to classy, energetic, particular person merchants – to hedge their spot ether worth threat or extra nimbly execute ether buying and selling methods, all whereas retaining the options and advantages of CME Group’s larger-sized ether futures,” the announcement explains.

For fairly a while now, the derivatives alternate has supplied bitcoin (BTC) and ethereum (ETH) futures that account for bigger portions of every crypto asset. When it comes to open curiosity (OI), CME Group’s ether futures account for 8.83% of all of the derivatives alternate OI.

Micro-Sized Contracts Make Funding Merchandise ‘Accessible to a Broader Vary of Contributors’

Six months in the past, CME Group launched micro bitcoin futures and the alternate witnessed 100,000 micro bitcoin futures traded through the first six days after launch. By the top of June, CME Group’s micro BTC futures had reached 1 million contracts swapped.

“Because the launch of ether futures in February, we now have seen regular development in liquidity in these contracts, particularly amongst institutional merchants,” Tim McCourt, CME Group’s international head of Fairness Index and Different Funding Merchandise mentioned. “On the identical time, the value of ether has greater than doubled since these contracts have been launched, creating demand for a micro-sized contract to make this market much more accessible to a broader vary of contributors,” McCourt added.

The CME Group govt continued:

Micro ether futures will supply much more selection and precision in how they commerce ether futures in a clear, regulated, and environment friendly method at CME Group.

As of November, CME Group’s micro bitcoin futures have traded 2.7 million contracts since Could. When it comes to ether futures, 675,500 ethereum futures contracts have been settled on CME, which is equal to about 33.8 million ethereum (ETH). CME Group particulars that it presents greater than 20 micro merchandise and since their inception, over 1 billion contracts have been settled up to now.

In the meantime, after CME Group introduced the micro futures product, ethereum (ETH) reached a brand new all-time excessive (ATH) at $4,500 per unit on Tuesday. Ethereum has a market valuation of round $529 billion on the time of writing.

What do you concentrate on CME Group introducing micro ether futures? Tell us what you concentrate on this topic within the feedback part beneath.

Tags on this story
CME, CME Group, contracts, crypto derivatives, derivatives, derivatives exchange, ETH Futures, Ethereum, Ethereum (ETH), ethereum futures, Finance, Futures, micro bitcoin futures, Micro ether futures, Open Interest, Tim McCourt

Picture Credit: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This text is for informational functions solely. It’s not a direct supply or solicitation of a suggestion to purchase or promote, or a suggestion or endorsement of any merchandise, companies, or firms. Bitcoin.com doesn’t present funding, tax, authorized, or accounting recommendation. Neither the corporate nor the writer is accountable, straight or not directly, for any injury or loss brought about or alleged to be attributable to or in reference to using or reliance on any content material, items or companies talked about on this article.





Source link

Related articles

Ethereum Lost 6.24% to $3807.82 at 5 p.m. ET — Data Talk

Ethereum Lost 3.63% to $1172.11 at 5 p.m. ET — Data Talk

November 28, 2022
Can Ethereum [ETH] maintain its stability despite the hawkish circumstances?

Can Ethereum [ETH] maintain its stability despite the hawkish circumstances?

November 28, 2022
Share76Tweet47

Related Posts

Ethereum Lost 6.24% to $3807.82 at 5 p.m. ET — Data Talk

Ethereum Lost 3.63% to $1172.11 at 5 p.m. ET — Data Talk

by Crypto News
November 28, 2022
0

Ethereum is down $44.10 immediately or 3.63% to $1172.11 --Snaps a six day successful streak --Down 25.17% month-to-date; On...

Can Ethereum [ETH] maintain its stability despite the hawkish circumstances?

Can Ethereum [ETH] maintain its stability despite the hawkish circumstances?

by Crypto News
November 28, 2022
0

Ethereum’s burning charge was greater than minting actions, leading to a very good provide charge Staking actions had been...

These Ethereum Competitors Are Down Over 90% — Are They Worth the Risk?

These Ethereum Competitors Are Down Over 90% — Are They Worth the Risk?

by Crypto News
November 28, 2022
0

Ethereum (ETH -3.67%) could also be down 69% for the 12 months, however its rivals are getting crushed even...

Top 3 Ethereum Use Cases that will NEVER let Ethereum Die!

Top 3 Ethereum Use Cases that will NEVER let Ethereum Die!

by Crypto News
November 28, 2022
0

The crypto market has been crashing since October 2021. A yr has handed and crypto costs are nonetheless on...

Daily Brief Financials: Ethereum and more – Smartkarma

Daily Brief Financials: Ethereum and more – Smartkarma

by Crypto News
November 28, 2022
0

Daily Brief Financials: Ethereum and more  Smartkarma Source link

Load More
  • Trending
  • Comments
  • Latest
6 Altcoins to Buy As Crypto Bull Market Gets Crazier: Banking Veteran

6 Altcoins to Buy As Crypto Bull Market Gets Crazier: Banking Veteran

November 7, 2021
Tesla To Accept Shiba Inu Coin and will hit $0.1 in 2021!!

Tesla To Accept Shiba Inu Coin and will hit $0.1 in 2021!!

November 1, 2021
Bitcoin Mining Noise Drives Neighbors Nuts—a Giant Dentist Drill That Won’t Stop

Bitcoin Mining Noise Drives Neighbors Nuts—a Giant Dentist Drill That Won’t Stop

November 12, 2021
Pro-Crypto Candidates Seek an Easier Way to Accept Bitcoin, Altcoins

Pro-Crypto Candidates Seek an Easier Way to Accept Bitcoin, Altcoins

October 22, 2021
5 Hotels Accepting Cryptocurrency as a Payment Method

5 Hotels Accepting Cryptocurrency as a Payment Method

0
Top cryptocurrency prices today: Bitcoin, Dogecoin, Ethereum gain up to 5%

Top cryptocurrency prices today: Bitcoin, Dogecoin, Ethereum gain up to 5%

0
Four Emerging Altcoins Soar 101% or More Within Seven Days As Crypto Markets Ignite

Four Emerging Altcoins Soar 101% or More Within Seven Days As Crypto Markets Ignite

0
ADA Price Prediction: Cardano Sits and Waits

ADA Price Prediction: Cardano Sits and Waits

0
best time to buy Ripple XRP – Price Prediction 2022

best time to buy Ripple XRP – Price Prediction 2022

February 4, 2023
Problemas na atualização do Ethereum?! 😱

Problemas na atualização do Ethereum?! 😱

February 4, 2023
Bitcoin set for a major move –  Altcoin action incoming FOLLOW OUR LIVE SHOWS

Bitcoin set for a major move – Altcoin action incoming FOLLOW OUR LIVE SHOWS

February 4, 2023
AO VIVO AGORA: Análise Fechamento criptomoedas Bitcoin hoje (BTC), Ethereum hoje (ETH) Cardano (ADA)

AO VIVO AGORA: Análise Fechamento criptomoedas Bitcoin hoje (BTC), Ethereum hoje (ETH) Cardano (ADA)

February 3, 2023

Recent News

best time to buy Ripple XRP – Price Prediction 2022

best time to buy Ripple XRP – Price Prediction 2022

February 4, 2023
Problemas na atualização do Ethereum?! 😱

Problemas na atualização do Ethereum?! 😱

February 4, 2023

Categories

  • Altcoin
  • Bitcoin
  • Blockchain
  • Cardano
  • Cryptocurrency
  • Ethereum
  • Ripple
  • Videos

Bitcoin Currency Converter

Cryptocurrency Prices by Coinlib
  • Privacy & Policy
  • About Us
  • Contact Us

© 2021 Copyright Crypto News

No Result
View All Result
  • Home
  • Cryptocurrency
  • Bitcoin
  • Altcoin
  • Cardano
  • Ethereum
  • Blockchain
  • Ripple
  • Videos

© 2021 Copyright Crypto News