CME Group Launches Euro-Denominated Bitcoin and Ether Futures

First announced on August 4, Euro-denominated Ether futures represent investment vehicles launched before the transition from the blockchain to proof of stake.

The derivatives exchange Chicago Mercantile Exchange Group has launched trading in the Bitcoin euro and Ether euro futures contracts.

In an announcement on Monday, CME Group announced that it has launched contracts for Bitcoin (BTC) and Ether (ETH) futures contracts denominated in euros, with a size of 5 BTC and 50 ETH per contract. Both contracts will be listed on CME, settled in cash and based on the CME CF Bitcoin-Euro benchmark rate and the CME CF Ether-Euro benchmark rate, respectively.

“Our new Bitcoin Euro and Ether Euro futures contracts will provide institutional clients, inside and outside the United States, with more precise and regulated tools to trade and hedge exposure to the two largest cryptocurrencies by market cap," said the global head of CME Group. Tim McCourt equity and FX products.

First announced on August 4, Euro-denominated ETH futures represent investment vehicles launched ahead of the merger in which the Ethereum blockchain transitions to proof-of-stake – expected between the 10th and 20th september. Cointelegraph reported that countries in Europe, the Middle East and Africa accounted for 28% of all BTC and ETH futures transactions.

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