When it comes to digital currencies, one of the most popular platforms is Ethereum. In recent months, there has been a lot of speculation as to whether or not CME futures will have any affect on Ethereum.
While it is still too early to tell for certain, there are a few things that we can look at in order to get a better understanding.
For starters, it is important to understand that CME futures are based on the Chicago Mercantile Exchange’s Bitcoin Reference Rate (BRR). This rate is calculated by taking the price of Bitcoin from four different exchanges – Bitstamp, GDAX, itBit, and Kraken.
From there, an average is taken and then multiplied by .25.
So what does this have to do with Ethereum? Well, as of right now, Ethereum is not included in the BRR. This means that there is no direct way for CME futures to impact the price of Ethereum.
NOTE: WARNING: This article is meant to provide general information and should not be considered as advice or a recommendation. Please consult a qualified financial advisor before making any investment decisions related to CME Futures and Ethereum. Investing in cryptocurrency carries a high degree of risk and may not be suitable for all investors. You should always conduct your own research before investing and be aware of the potential risks associated with investing in any cryptocurrency.
However, that doesn’t mean that there isn’t indirect impact.
For example, let’s say that the price of Bitcoin skyrockets due to CME futures. This could lead to more people investing in Bitcoin and other digital currencies.
As more people invest in digital currencies, the demand for them will increase. This could in turn lead to an increase in the price of Ethereum (and other digital currencies).
Of course, this is all speculation at this point. It is impossible to know for certain how CME futures will affect Ethereum (or any other digital currency).
However, it is something that is worth keeping an eye on.
8 Related Question Answers Found
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.
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 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.
Yes, there are futures on Ethereum. Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of fraud or third party interference. These contracts are written in code that is stored on the Ethereum blockchain, and they can be used to facilitate the exchange of anything of value.
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.
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.
It’s been a wild ride for Ethereum over the past few years. After launching in 2015 with great fanfare, Ethereum quickly rose to become the second-largest cryptocurrency by market capitalization. But then came the ICO boom of 2017, and with it, a whole lot of speculative money poured into Ethereum.
Cardano is a cryptocurrency that is similar to Ethereum in many ways. Both Cardano and Ethereum are smart contract platforms that allow for the development of decentralized applications (dapps). Both Cardano and Ethereum use their own respective cryptocurrencies, ADA and Ether, as fuel for these smart contracts.
