CME Group’s Bitcoin Euro and Ether Euro futures are now live

  • CME says there’s growing demand for non-USD denominated crypto derivatives products. 
  • The company also plans to launch options on Ethereum futures on 12 September. 

Derivatives marketplace CME Group has announced its Euro-denominated Bitcoin (BTC) and Ether (ETH) futures contracts are now live.

On Monday, August 29, 2022, the company officially unveiled two euro-denominated crypto futures contracts, noting that the products “will be listed on and subject to the rules of CME.”


Bitcoin Euro and Ether Euro futures contracts

As announced earlier this month, Bitcoin Euro will be sized at 5 BTC and the Ether Euro contract at 50 ether. The contracts are cash settled, and will be based on the CME CF Bitcoin-Euro Reference Rate as well as the CME CF Ether-Euro Reference Rate, the company noted in the announcement.

Our new Bitcoin Euro and Ether Euro futures will provide institutional clients, both within and outside the US, with more precise and regulated tools to trade and hedge exposure to the two largest cryptocurrencies by market cap” said Tim McCourt, the Global Head of Equity and FX Products at CME Group.

He noted that the two contracts’ offering comes after a strong showing, both in terms of overall growth and liquidity, for the derivatives giant’s US dollar-denominated bitcoin and ether contracts.

CME Group is unveiling these futures products as the crypto market navigates a crypto winter that has decimated crypto prices. However, demand for properly regulated non-USD crypto derivatives remains high.

The provider also plans to launch an options contract on Ether (ETH) futures. The contract, sized at 50 ether, will be rolled out on 12 September, with this being subject to regulatory review.

All Dutch and English crypto news!

MetaMask adopts custodial features for NFT-hungry institutional investors

Institutional investment is pouring into the crypto world, notably the nonfungible token (NFT) scene. In a reaction to the influx, MetaMask Institutional announced another addition...

Pro sports league Karate Combat to launch DAO for fan, athlete governance

Karate Combat, a prominent full-contact martial arts league, announced the decision to form a decentralized autonomous organization (DAO) to transition its governance to fans and...

Next Bitcoin bull run to be half story, half utility: Mike Novogratz at Token2049

The next Bitcoin (BTC) bull run will have to be much different from historical cryptocurrency rallies in terms of story and utility, Galaxy Digital CEO...

Crypto exchange Bitkub targeted by Thai SEC with wash trading claims

Thailand's largest crypto exchange Bitkub has come under regulatory scrutiny from the country's Securities and Exchange Commission (SEC) over falsifying and creating artificial trading volume...

Beste exchanges

Koop je crypto bij Bitvavo