CME Group to Launch Ether/Bitcoin Ratio Futures on July 31
June 30, 2023 9:27 amVideo
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According to the press release, CME Group plans to launch Ether/Bitcoin Ratio futures on July 31, if approved by regulators.
As the frenzy around Bitcoin exchange-traded funds subsides, CME Group aims to expand its range of digital asset products.
According to Giovanni Vichiuzzo, Global Head of Cryptocurrency Products at CME Group, Ether and Bitcoin are closely linked and have grown over time, and market changes can impact the performance of one coin more than the other, creating opportunities for trading relative values. With Ether/Bitcoin Ratio futures, investors will be able to access both Ether and Bitcoin in a single trade. This is an efficient and profitable way for investors to hedge their crypto assets and implement other trading strategies.
Over the past year, CME Group has added a row of products for digital assets. Last August, they announced their intention to trade Ether futures options from September 12. Later in the same month, the company revealed plans to launch Bitcoin and Ether futures denominated in euros.
In March, CME Group launched Bitcoin futures contracts, providing traders with access to daily futures options priced at up to $20 per contract.
In May, new options on Bitcoin and Ether futures contracts with daily settlements were introduced.
By launching Ether/Bitcoin Ratio futures, CME Group shows its intention to focus on providing access to highly demanded digital asset products for investors.
The material has been provided by InstaForex Company – www.instaforex.com
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