Odaily Frontline | CME to Launch Ethereum Futures on February 8, 2021

This article comes fromThe Block, Originally by Frank Chaparro

Odaily Translator | Nian Yin Si Tang

This article comes from

, Originally by Frank Chaparro

Odaily Translator | Nian Yin Si Tang

The Ethereum futures product will be listed on February 8 next year, and is currently subject to regulatory approval. It will be settled in cash and based on the company's CME CF Ether-Dollar Reference Rate. According to CME's website, one contract will be equivalent to 50 ETH.the company said。

“Building on the success of Bitcoin futures and options, CME Group will include Ethereum futures in its cryptocurrency risk management solution in February.”

the company said

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Bitcoin products "contributing"Since 2017, CME Group has built a sizeable bitcoin futures market. Open interest in its bitcoin futures contracts recently topped $1 billion, according to The Block, making it a leader in the cryptocurrency futures market. As my colleague Ryan Todd points out, CME Group’s bitcoin futures market is a good proxy for institutional interest in bitcoin because the firm can link bitcoin to the market just as it does with traditional derivatives.In early 2020, the company launched a bitcoin options product.

The launch of ethereum futures represents a U-turn for the company, which previously told The Block that it is focusing on bitcoin. at the end of 2019

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