Chicago Mercantile Exchange will launch Ethereum derivatives trading
It refers to micro futures, which will start trading on December 6
03.11.2021 - 08:30
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What's new? According to the Chicago Mercantile Exchange’s (CME) press release, the site will launch a new trading tool namely Ethereum based micro futures, starting December 6.
What is known about derivatives? Each contract in micro futures will be 10% of 1 ETH. In this case, the contracts will be settled, without the delivery of the asset. According to Tim McCourt, the CME Group’s managing director, the new tool will make the cryptocurrency market more accessible to all participants. The demand for micro contracts is associated with the increased price of standard Ethereum futures.
It is assumed that classic futures will continue to be in demand among institutional investors, and micro futures will attract private investors with small deposits.
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