CME Group to Launch Euro-Denominated Micro Bitcoin and Ethereum Futures in Response to High Demand
The CME Group, the world's largest derivative marketplace, has announced the launch of euro-denominated micro Bitcoin and Ethereum futures in response to growing demand in the derivatives market. The futures, which will be one-tenth of a Bitcoin or Ethereum, will launch on March 18, subject to regulatory review. The CME Group has seen a four-fold increase in volume in their U.S. dollar-denominated counterparts and hopes to offer additional tools for clients in Europe, the Middle East, and Africa to hedge their crypto portfolios and take a view on potential market moves.
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