Chicago exchange launches trading in BTC and ETH futures in euros

The CME Group noted that the decision to launch is due to the popularity of dollar-denominated cryptocurrency products

30.08.2022 - 11:00

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What’s new? On August 29, the Chicago Mercantile Exchange (CME) launched euro-denominated bitcoin and Ethereum futures trading. The size of the contracts at the time of the launch was 5 BTC (about €101 655 at the Binance rate on August 30) and 50 ETH (about €79 013). This is reported in the official press release of the exchange.

The full version of the press release

What other announcements have been made? According to Tim McCourt, head of equity and FX products, the launch of new futures contracts is based on the growing popularity and liquidity of CME Group’s dollar-denominated BTC and ETH products.

The new euro futures will provide institutional clients, both within and outside the United States, with more accurate and regulated tools for trading and hedging the two largest cryptocurrencies by market capitalization.

What is known about CME Group? It is a derivatives trading platform that allows one to trade futures, options, optimize portfolios and analyze data for risk management. CME Group launched its first dollar-denominated BTC futures contract in December 2017, followed by an ETH futures contract in February 2021. In March 2022, the exchange also launched options futures based on BTC and ETH. In addition, CME will launch BTC and ETH futures in euros on August 29.

CME also announced the launch of options on Ethereum. This will happen on September 12, subject to regulatory review.

On April 25, CME Group and CF Benchmarks launched 11 cryptocurrency indices. They include altcoins Algorand (ALGO), Cosmos (ATOM), Solana (SOL), Bitcoin Cash (BCH), Litecoin (LTC), Stellar Lumens (XLM), Cardano (ADA), Polkadot (DOT), Chainlink (LINK), Polygon (MATIC), and Uniswap (UNI). Indices are calculated and published daily.

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