Summary
The CME Group will be launching euro-denominated micro Bitcoin and Ethereum futures in March to meet demand in the derivatives market. These futures will be one-tenth of a Bitcoin or Ethereum and offer minimal fees and better liquidity. The products have been popular for traders in Europe, the Middle East, and Africa. CME Group first launched BTC futures in 2017 and has since expanded to include ETH futures and micro futures for both digital assets. They are also considering launching futures for Solana and Cardano.
Key Points
1. The CME Group will be launching euro-denominated micro Bitcoin and Ethereum futures next month to meet the increasing demand in the derivatives market.
2. The futures are set to launch on March 18, pending regulatory review, and will offer traders slivers of the underlying assets, one-tenth of a Bitcoin or Ethereum.
3. CME Group, the world’s largest derivative marketplace, has seen significant volume from the Europe, the Middle East, and Africa region, prompting the introduction of these new products to help clients hedge their crypto portfolios and take positions on potential market moves.