CME Group To Launch Euro-based Bitcoin & Ether Futures


One of the leading derivative marketplaces, Chicago Mercantile Exchange (CME) Group introduced Bitcoin Euro and Ether Euro futures, which are going to launch on August 29.

In the official announcement, CME Group revealed that it is seeking regulatory review to launch euro-denominated Bitcoin and Ether (ETH) futures. 

The contract size for Bitcoins and Ether futures will be 5 BTC and 50 ETH per contract respectively. Both contracts listed on the platform will be cash-settled, based on the CME CF Bitcoin-Euro Reference Rate and CME CF Ether-Euro Reference Rate.

Our Bitcoin Euro and Ether Euro futures contracts will provide clients with more precise tools to trade and hedge exposure to the two largest cryptocurrencies by market cap,” said Tim McCourt, Global Head of Equity and FX Products, CME Group. 

He added, “Euro-denominated cryptocurrencies are the second highest traded fiat behind the U.S. dollar. Year-to-date, the EMEA region represents 28% of total Bitcoin and Ether futures contracts traded, up more than 5% versus 2021.”

Also Read: CME Group Considers Offering Solana, Cardano Futures

According to Edmond Goh, Head of Trading at B2C2. euro-denominated Bitcoin and Ether futures will fulfill the growing demand for non-USD derivatives. He stated that the company strives to provide liquid markets for digital assets.

Global business broker, TP ICAP also raised support for crypto assets product from CME Group.

Sam Newman, Digital Assets Head of Brokering at TP ICAP stated that “Interest in cryptoassets has seen huge growth, and these new euro-denominated futures contracts will help further expand the accessibility and utility of cryptoasset derivatives, particularly within Europe.”



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