CME Group, the world’s leading and most diverse derivatives marketplace, today announced it will launch Ether futures in the first quarter of 2021, pending regulatory review.
This launch will provide our clients with CME Ether futures, a new and innovative way to trade this growing cryptocurrency. Building off the success of our Bitcoin futures and options contracts, and working closely with the crypto community over the past few years, we are pleased to bring Ether futures to market.
Ether is the second-largest cryptocurrency by market capitalization and trading volume. It is widely used to pay for transaction fees and services on the Ethereum network.
The network is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of fraud or third party interference.
The CME Ether futures contract will be cash-settled and based on the CME CF Ether-Dollar Reference Rate (ETHUSD_RR), which sources prices from major exchanges including Bitstamp, Coinbase, Gemini, itBit and Kraken. The ETHUSD_RR went live on November 30, 2020.
NOTE: WARNING: Investing in CME Ethereum Futures is a high-risk activity and should only be attempted by experienced investors who understand the inherent risks associated with trading futures contracts. CME Ethereum Futures is a complex and highly speculative financial product that carries the potential for significant losses. Prior to engaging in any futures trading, it is strongly recommended that you obtain professional advice regarding the suitability of this product for your financial circumstances.
Ether futures will be listed on and subject to the rules of CME. The new contract will be traded on CME Globex and offered for clearing through CME ClearPort.
Like all CME Group products, Ether futures will be subject to stringent surveillance and oversight.
CME Group’s commitment to bringing innovative products to market is driven by client demand. With growing interest in cryptocurrencies and digital assets, we are well positioned to launch Ether futures as the next step in our evolution of providing cryptocurrency products across our ecosystem.
What Is CME Ethereum Futures?
CME Group’s Ethereum futures are cash-settled contracts based on the CME CF Ethereum Reference Rate (ETHUSD_RR), which sources prices from major exchanges including Bitstamp, Coinbase, Gemini, itBit and Kraken.
The new contract will be traded on CME Globex and offered for clearing through CME ClearPort. Like all CME Group products, Ethereum futures will be subject to stringent surveillance and oversight.
8 Related Question Answers Found
The recent launch of Ethereum futures on the Chicago Mercantile Exchange (CME) has been a watershed moment for the second-largest cryptocurrency. The move legitimizes Ethereum and gives it a level of mainstream financial recognition that few digital assets have attained. It also opens up new opportunities for traders and investors looking to gain exposure to Ethereum price movements without having to hold the underlying asset.
When it comes to digital assets, one of the most popular platforms is Ethereum. The blockchain-based protocol has become a go-to for developers and enterprises looking to launch decentralized applications (dApps) and smart contracts. With its growing popularity, it’s no surprise that CME Group, one of the world’s leading derivatives exchanges, has decided to launch an Ethereum futures product.
CME Futures for Ethereum is a new financial product that offers investors exposure to the price of Ethereum. The product is traded on the CME, the world’s largest derivatives exchange. CME Futures for Ethereum is a cash-settled contract that will trade on the CME Globex platform from 5 p.m.
CME Group, the world’s largest futures exchange, is launching Ethereum futures contracts. The move comes as the second-largest cryptocurrency by market capitalization continues to gain mainstream adoption. The Chicago-based exchange announced the news on Thursday, saying that the contracts will be cash-settled and based on the Ethereum Reference Rate (ETH/USD), which CME Group launched in February.
Ethereum futures are a type of derivatives contract that allows traders to speculate on the future price of Ethereum, the world’s second-largest cryptocurrency by market capitalization. Ethereum futures contracts were first introduced by the Chicago Mercantile Exchange (CME) in February 2020, followed by the Chicago Board Options Exchange (CBOE) in May 2020. Ethereum futures are settled in cash and are traded on regulated exchanges.
When people talk about the future of Ethereum, they’re really talking about two things: the Ethereum network and the Ethereum protocol. The network is the underlying decentralized infrastructure that allows for the exchange of ETH and other assets, while the protocol is the set of rules that govern how that exchange takes place. The future of Ethereum will be determined by how well it can scale both the network and the protocol to meet the demands of a growing user base.
Ethereum perpetual futures are a type of financial contract that allows traders to speculate on the future price of Ethereum, without having to actually purchase the underlying cryptocurrency. Perpetual futures are similar to traditional futures contracts, except that they do not have a fixed expiration date. This means that traders can hold their position for as long as they want, without having to worry about the contract expiring.
When it comes to cryptocurrency, Ethereum is one of the most popular options available. It is the second-largest cryptocurrency by market capitalization, behind only Bitcoin. And, like Bitcoin, Ethereum is also available for trading as a futures contract.
