CME Group to Launch Ethereum-to-Bitcoin Ratio Futures Next Month - Decrypt

Decrypt
Decrypt

30 Jun 2023 10:23 AM

The world's leading derivatives exchange is set to expand its digital assets offering with a new product....

  • The Chicago Mercantile Exchange (CME) Group plans to launch Ethereum/Bitcoin (ETH/BTC) ratio futures on July 31, pending regulatory approval.
  • The ratio futures contract allows investors to speculate on or hedge against the relative performance of Ethereum and Bitcoin.
  • The ratio will be calculated as the final settlement price of ETH divided by BTC and will always be positive across all contract months.
  • The launch of ETH/BTC ratio futures aims to capture the relative value of ether and bitcoin in a single trade.
  • CME Group introduced its first Bitcoin futures contract in December 2017 and Ethereum futures trading in February 2021.

The article highlights the launch of Ethereum/Bitcoin ratio futures by CME Group, which is seen as a positive development for investors looking to capture the relative value of ether and bitcoin in a single trade.

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You May Ask

What is the purpose of Ethereum/Bitcoin ratio futures?When is the planned launch date for ETH/BTC ratio futures?How will the ratio be calculated for the futures contract?What other digital asset offerings has CME Group expanded into?How did the introduction of Bitcoin futures on CME impact the cryptocurrency market?

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