CME Group officially launches Ethereum futures
Photo: Wikifx
The Chicago Mercantile Exchange Group (CME) tweeted on Sunday morning that it will launch Ethereum (ETH) futures at 6 pm Eastern Time on Sunday, with the first trading day being Feb 8.
In mid-December, the Chicago Mercantile Exchange (CME) announced in a high profile that it would launch Ethereum futures. These futures will be settled in cash based on CME Group's ETH USD reference exchange rate. Each contract represents 50 ETH, the current value is about $78,000, and the smallest transaction size is five contracts.
Companies that provide liquidity for CME Group's Ethereum futures include BlockFi, Galaxy, Genesis, CoinShares, and NYDIG. Some of these companies also provide liquidity for the exchange's Bitcoin futures and options products.
As early as 2019, Heath Tarbert, former chairman of the Commodity Futures Trading Commission (CFTC), predicted that Ethereum-based derivatives will eventually be listed. There were reports at the time that Tarbert believed that Ethereum was in the category of commodities.
Reprinted from Wikifx, the copyright all reserved by the original author.
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