October 3, 2022


The world’s leading financial derivatives platform – the Chicago Mercantile Exchange (CME) Group – revealed its intentions to introduce Bitcoin and Ether Futures to the euro later in August.

The company already has a deep history in the cryptocurrency industry. A few months ago, it launched small options on Bitcoin and Ether futures, justifying its move as investor appetite for such services increased.

CME Dive Deeper

Despite the bleak state of the cryptocurrency market, the American company has doubled down on its endeavors in the field of digital assets. He. She announce Introducing Bitcoin and Ether futures denominated in euros which will become available to customers at the end of the month.

The Chicago Mercantile Exchange clarified that the size of these contracts will be five Bitcoin and 50 Ethereum per contract. The new features will be settled in cash, based on the CME CF Bitcoin-Euro reference rate and the CME CF Ether-Euro reference rate. The entity has confirmed that it will be subject to the rules already in place.

Tim McCourt, global head of equities and FX products at CME Group, argued that the current state of the crypto sector is increasing customer interest in such products:

“Ongoing uncertainty in the cryptocurrency markets, combined with the strong growth and deep liquidity of our existing Bitcoin and Ether futures, is driving increased demand for risk management solutions from institutional investors outside of the United States.

Bitcoin Euro and Ether Euro futures will provide clients with more accurate tools to trade and hedge exposure to the two largest cryptocurrencies by market capitalization.”

The CEO added that digital assets denominated in euros are second only to the US dollar.

He noted that “the EMEA region represents, since the beginning of the year, 28% of the total bitcoin and ether futures traded, an increase of more than 5% compared to 2021.”

The derivatives market giant allows users to trade the futures, options, cash and OTC markets. It also enables a wide range of products across major asset classes, including crypto. The second quarter of 2022 was a very successful period for CME since Ether futures reached a record average daily volume of 6.6K contracts (up 27% from the first quarter).

Previous Encryption Steps

CME Group jumped on the digital asset bandwagon in 2017 with the launch of Bitcoin futures. In March 2022, CME launched micro-options on Bitcoin and Ether futures. At the time, Tim McCourt commented:

“The launch of these micro-options builds on the significant growth and liquidity we have seen in Micro Bitcoin and Micro Ether futures. These contracts will provide a wide range of market participants – from institutions to sophisticated, active and individual traders – with greater flexibility and precision to manage their exposure to the two top cryptocurrencies. by market value.

Futures contracts enable investors to gain exposure to cryptocurrencies without having to worry about hoarding their holdings. Products require consumers to sell them on a specific date.

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