CME Group Announces The Launch Of Ether Futures In Early 2021

The CME Group, a global markets company, and the world’s largest financial derivatives exchange, has announced that it will be launching Ether futures contracts for institutional traders.

The move will allow large players to gain exposure to the Ethereum network. Once the exchange receives the regulatory nod, the CME Group will allow Ether futures trading to begin in February 2021, just a few months away.

This will be Chicago Mercantile Exchange Group’s second foray into cryptocurrency futures trading. The emerging asset class is but a small fraction of its offerings that generated almost $5 billion in revenues in 2019.

The CME Group also offers its clients the option to trade Bitcoin futures contracts, which have been quite popular. Tim McCourt, the CME Group Global Head of Equity Index and Alternative Investment Products explained:

“Based on increasing client demand and robust growth in our Bitcoin futures and options markets, we believe the addition of Ether futures will provide our clients with a valuable tool to trade and hedge this growing cryptocurrency”

They continued with, “Ethereum is the second-largest cryptocurrency by both market capitalization and daily volume. The introduction of listed Ether futures to our time-tested, regulated CME Group derivatives marketplace will help to create a forward curve so Ethereum market participants can better manage price risk.”

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