Bitcoin BTC Ethereum Ether CME Group launches Euro-denominated Bitcoin and Ether futures
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According to a statement from Tim McCourt, Global Head of Equity and FX Products at CME Group, the new futures products are designed to give institutional investors another option to acquire the top two cryptos in a regulated manner. These are not the first cryptocurrency-related products being offered by CME Group, which has been wading deeper into the world of digital assets in recent months. Just last week, it was revealed that the leading global derivatives marketplace intends to launch options for trading Ether futures beginning Sept. 12.
These new products are CME Group’s first Euro-denominated cryptocurrency derivatives. “The launch of these new futures contracts builds on the strong growth and deep liquidity we have seen in our existing U.S. dollar-denominated Bitcoin and Ether futures contracts,” McCourt said in the press release announcing their launch.
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