CME Group to Introduce Ether/Bitcoin Ratio Futures

CME Group to Introduce Ether/Bitcoin Ratio Futures

The cryptocurrency market is set to undergo a significant change with the upcoming launch of Ether/Bitcoin Ratio futures by the Chicago Mercantile Exchange (CME) Group on July 31.

This new offering will enable traders to engage in futures contracts based on the ratio between Ether and Bitcoin.

The Ether / Bitcoin Ratio futures will be settled in cash, aligning with the value of CME Group Ether divided by the final settlement price of the corresponding CME Group Bitcoin futures. This approach ensures a seamless trading experience for investors.

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Jason Urban, the Global Head of Trading at Galaxy, expressed excitement for this new opportunity. He believes that the introduction of Ether/Bitcoin Ratio futures completes the currency triangle, consisting of BTC/USD and ETH/USD dollar legs, in addition to the ETH/BTC cross-cryptocurrency.

This new cross-cryptocurrency contract from CME Group enhances flexibility for investors, particularly when it comes to hedging positions in non-dollar offshore markets.

By launching Ether/Bitcoin Ratio futures, CME Group continues to demonstrate its devotion to fostering innovation and offering a range of hedging options to market participants, ultimately fortifying the cryptocurrency market.

Compiled by Coinbold