CME Group launches micro Ether futures as ETH hovers at $4K

CME Groups worldwide head for alternative financial investment products Tim McCourt said that the offering would enable investors to “heal their area Ether rate risks or more nimbly implement Ether trading techniques.” Genesis Global Trading stated it has currently signed a contract with XBTO for the micro ETH Futures item.

Chicago Mercantile Exchange Group, a significant derivatives market, has included a micro Ether futures product to its crypto offerings.

Joshua Lim, Genesis head for derivatives, specified that the Micro Ether futures agreement satisfies a requirement to have higher versatility and accurate delta hedging.

CME Groups newest cryptocurrency product has actually arrived. Micro Ether futures can be traded. https://t.co/bJoZWA7qZz
CME Group (@CMEGroup), December 6, 2021

CME Group announced Monday that it released a micro Ether futures contract, sized at 0.01 ETH. This will provide private and institutional traders extra Ether direct exposure. The micro ETH derivatives provide, which is cash-settled, trades under the Globex code METZ1; it joins crypto derivatives products on the exchange, including Bitcoin futures, micro Bitcoin (BTC), and options on Bitcoin futures.

Kelly Strategic Management declares Ethereum futures ETF

CME Groups micro Bitcoin futures product was launched in May.

CME Group revealed Monday that it introduced a micro Ether futures agreement, sized at 0.01 ETH. The micro ETH derivatives offer, which is cash-settled, trades under the Globex code METZ1; it joins crypto derivatives products on the exchange, including Bitcoin futures, micro Bitcoin (BTC), and alternatives on Bitcoin futures.

CME Group released Bitcoin futures contracts for the very first time in December 2017, during the bull run. CME Groups micro Bitcoin futures item was released in May. The company reported on Thursday that it had traded over 3.3 million agreements.
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This statement was made following the considerable drop in the rate of ETH, and other cryptocurrencies like Bitcoin, over the weekend. Cointelegraph Markets Pro information programs that the ETH price stopped by more than 15% from its Nov. 8 peak of $4,785 (a record high). The price of the second biggest cryptocurrency in terms of market capitalization, ETH, is currently at $4,016, after falling more than 13% over the previous seven days.

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