CME Exchange plans to launch microfutures for Bitcoin and Ethereum in euros

  • CME announced an expansion of the list of crypto products.
  • The platform plans to add microfutures for Bitcoin and Ethereum in euros.
  • These are contracts for 1/10 of the underlying asset.
  • If approved, trading on the positions will begin on March 18.

The Chicago Mercantile Exchange (CME) plans to launch microfutures for Bitcoin and Ethereum, denominated in euros.. Trading for these positions is expected to begin on March 18, 2024.

“Investors around the world are looking for more precise tools to manage risk as interest in these assets grows. The launch of these contracts will provide our clients with more options,” said CME Group Global Head of Crypto Products Giovanni Vicioso.

The contract size in both cases is 1/10 of the underlying assets – 0.1 BTC and 0.1 ETH, respectively.. The infrastructure will be provided by the TP ICAP provider.

The press release indicated that the exchange has not yet received regulatory approval to launch these products.

CME launched Bitcoin and Ethereum futures in euros in August 2022. Micro contracts for both of these crypto assets appeared on the platform in 2021.

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The exchange announced the launch of new products amid rising prices for Bitcoin and Ethereum. The first one crossed the $52,000 mark, the second — $3,000. Both assets are trying to gain a foothold at this level or above.

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This was accompanied by high demand for derivative contracts. We previously reported that open interest in Bitcoin futures reached its highest level since November 2021.