Daniel from Improve Press
CME Group, a number one derivatives market, as we speak introduced its plans to broaden additional its cryptocurrency derivatives providing with the introduction of Bitcoin and Ether futures denominated in EUR on Monday, August twenty ninth, pending regulatory overview. Designed to match their U.S. dollar-denominated counterparts, Bitcoin Euro and Ether Euro futures contracts will likely be sized at 5 bitcoin […]
The put up CME Group set to listing euro-denominated Bitcoin (BTC) and Ether (ETH) futures appeared first on CryptoNinjas.
CME Group, a number one derivatives market, as we speak introduced its plans to broaden additional its cryptocurrency derivatives providing with the introduction of Bitcoin and Ether futures denominated in EUR on Monday, August twenty ninth, pending regulatory overview.
Designed to match their U.S. dollar-denominated counterparts, Bitcoin Euro and Ether Euro futures contracts will likely be sized at 5 bitcoin and 50 ether per contract.
The brand new contracts are cash-settled, based mostly on the CME CF Bitcoin-Euro Reference Fee and CME CF Ether-Euro Reference Fee, which function once-a-day measures of the EUR-denominated worth of BTC and ETH.
“Euro-denominated cryptocurrencies are the second highest traded fiat behind the U.S. greenback. Yr-to-date, the EMEA area represents 28% of whole Bitcoin and Ether futures contracts traded, up greater than 5% versus 2021.”
– Tim McCourt, World Head of Fairness and FX Merchandise, CME Group
In Q2, CME Group’s cryptocurrency section noticed a report common each day open curiosity of 106.2K contracts. It was the second highest quarter ever in common each day quantity (57.4K contracts) throughout crypto merchandise. Likewise, Ether futures reached a report common each day quantity (6.6K contracts) in Q2, up 27% versus Q1.
The put up CME Group set to listing euro-denominated Bitcoin (BTC) and Ether (ETH) futures appeared first on CryptoNinjas.
