Cryptocurrencies
CME Unveils Plans for Bitcoin and Ether Futures Tied to Euro
- Futures products sized at five Bitcoin, 50 Ether per contract
- Euro-denominated crypto the second highest traded fiat: CME
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One of the world’s largest derivatives exchange owners is forging ahead into the cryptocurrency market with two new futures offerings.
CME Group Inc. will introduce Bitcoin and Ether Euro futures on Aug. 29, the company announced Thursday in a press release. They arrive as the crypto market falters. Bitcoin is down about 50% so far this year, while the second largest crypto Ether is down 56%.