© Reuters.
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
“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
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
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
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