Chicago Mercantile Exchange Group to launch Ether and Bitcoin Ratio futures
On June 29, 2023, the Chicago Mercantile Exchange (CME) Group, a monetary spinoff change platform, introduced that it’ll introduce Ether/Bitcoin Ratio futures. It’s anticipated by some regulatory assessment that the futures contracts will probably be launched on July 31, 2023, said Cointelegraph.
Sources revealed that the Ether/Bitcoin Ratio futures will probably be settled in money, based mostly on the ultimate worth made by the CME Group’s Ether (ETH $1,895) futures. It’s anticipated to be divided by the ultimate price set by CME Group’s Bitcoin (BTC $30,954) futures. The brand new contract will make use of the similar itemizing cycle of CME Group’s Bitcoin futures and Ether futures contracts, Cointelegraph added.
Moreover, “With the addition of Ether/Bitcoin Ratio futures, investors will be able to capture Ether and Bitcoin exposure in a single trade, without needing to take a directional view. This new contract will help create opportunities for a broad array of clients looking to hedge positions or execute other trading strategies, all in an efficient, cost-effective manner,” Giovanni Vicioso, international head of cryptocurrency merchandise, CME Group, advised Cointelegraph.
(With insights from Cointelegraph)
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