CME Group plans launch of micro euro bitcoin and ether futures for March 18


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CMEGroupthe world’s leading marketplace for derivatives trading, today declared plans to enhance its derivatives offering on cryptocurrencies by launching Micro Futures Bitcoin Euro and Micro Ether Euro March 18subject to regulatory approval.

“Investors around the world have expressed the need for more targeted instruments to manage their risk exposure in light of the growing interest in bitcoin and ether. We saw a quadrupling of trading volume in our Micro futures contracts Bitcoin and Micro Ether denominated in USD,” said Giovanni Viciosothe main product manager of cryptocurrencies at the house of CME Group. The introduction of these new Euro-denominated Micro Futures contracts will provide our clients with more options to effectively manage their exposure to bitcoin and ether in the context of the euro, the second most traded currency after the dollar American “. Since the beginning of the year, 24% of the trading volume of futures contracts on the bitcoin and the ether within the CME Group come from the EMEA region. We are committed to providing our clients in this region with additional instruments to manage their asset portfolios crypto and to navigate or position ourselves based on market trends.”

Micro Futures Bitcoin Euro and Micro Ether Euro will be proportionally equivalent to one tenth of the size of the cryptocurrencies respective countries on which they are based. These new futures contracts will be listed and regulated according to the rules established by the CME.

“TP ICAP is ready to support this derivative crypto innovative CME group by offering block trading facilitation services for this product. Our global Digital Assets division has been active in providing pricing and transaction services for the range of derivatives crypto from CME Group since the beginning of 2020, using TP ICAP’s expertise in connecting market players, which is fundamental to our digital asset services”, mentioned Sam Newman, head of digital asset brokerage at TP ICAP. “The demand for derivatives of crypto has seen substantial growth globally in recent years, and the introduction of these new euro-denominated micro futures contracts will further enhance the reach and practicality of derivatives of cryptoespecially for the market European.”

The suite of products on cryptocurrencies proposed by CME Group continues to offer consistent liquidity, trading volume and open interest to clients looking to hedge their risks or gain exposure to this asset class. January set a new record for average daily trading volume (71,000 contracts) across all products. cryptocurrencies. Additionally, the average daily open interest for futures contracts on the bitcoin and ether reached new highs for the month (23.5k contracts and 6k contracts, respectively). Micro Futures Bitcoin and Micro Ether also saw a significant increase in trading, with average daily volumes up 43% compared to December 2023.

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