The CME Group recently announced that they would expand their cryptocurrency derivatives and introduce their new Bitcoin Euro and Ether Euro futures on August 29 with a pending regulatory review. The CME Group is a leading derivative in the marketplace. CME Group to Introduce Bitcoin Euro and Ether Euro Futures The CME Group has designed the Bitcoin Euro and Ether Euro futures to match their U.S. dollar-denominated counterparts. CME has decided that the sizes of their Bitcoin Euro and Ether Euro futures will be five Bitcoin and fifty Ether per contract. The contract settlements will be by cash based on the CME CF Ether-Euro Reference Rate and the CME CF Bitcoin-Euro Reference Rate, which will serve as a once-a-day reference rate of the Euro-denominated price of Bitcoin and Ether. Tim McCourt, the Global Head of Equity and FX Products at CME Group, said, “Ongoing uncertainty in the cryptocurrency markets, along with the robust growth and deep liquidity of our existing Bitcoin and Ether futures is creating an increased demand for risk management solutions by institutional investors outside the U.S. Our BitcoinEuro and Ether Euro futures contracts will provide clients with more precise tools to trade and hedge exposure to the two largest cryptocurrencies by market cap.” He added, “Euro-denominated cryptocurrencies are the second highest traded fiat behind the U.S. dollar. Year-to-date, the EMEA region represents 28% of total Bitc...
Top Altcoins to Buy this Crypto Market Crash
