CME (NASDAQ:CME) said Thursday it plans to expand its cryptocurrency derivatives offering with the launch of Bitcoin Euro and Ether Euro futures on Aug. 29, pending regulatory review.Bitcoin Euro and Ether Euro futures contracts will be sized at 5 BTC and 50 ETH per contract, matching their U.S. dollar-denominated counterparts.The new contracts will be cash-settled, based on the CME CF Bitcoin-Euro Reference Rate and CME CF Ether-Euro Reference Rate.The futures contracts will be listed on CME."Ongoing uncertainty in cryptocurrency markets, along with robust growth and deep liquidity of our existing Bitcoin and Ether futures, is creating increased demand for risk management solutions by institutional investors outside the U.S.," said Tim McCourt, global head of equity and FX products, CME."The launch of euro-denominated Bitcoin and Ether futures will help meet growing demand for regulated and robust, non-USD crypto derivatives," said Edmond Goh, head of trading at cryptocurrency liquidity provider B2C2.
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