CME Group Plans to Launch Ethereum (ETH) Futures on Feb. 8th, 2022
Fast summary:
The CME Staff has announced that they’re going to release Ethereum futures on February eighth, 2021The release is pending regulatory reviewThe Ethereum futures shall be cash-settledEthereum joins Bitcoin because the 2nd virtual asset with futures contracts treated via the CME TeamEthereum’s value has surged prior $600 due to a bullish Bitcoin and will stay going higher
The CME Team has announced that they are going to be launching Ethereum (ETH) futures on February 8th, 2021. in line with the legit statement, the Ethereum futures are pending regulatory assessment and might be cash-settled as soon as approved.
Ethereum Futures will Mimic the Success of the CME Bitcoin Futures
Tim McCourt, CME Team Global Head of Fairness Index and Choice Funding Merchandise, expressed optimism that the Ethereum futures will be as a hit as their Bitcoin futures contracts that were launched exactly 3 years ago on December seventeenth, 2017.
Based on increasing shopper demand and strong growth in our Bitcoin futures and options markets, we consider the addition of Ether futures will provide our shoppers with a helpful device to trade and hedge this growing cryptocurrency.
Ethereum is the second-greatest cryptocurrency via each market capitalization and day by day extent. The advent of listed Ether futures to our time-tested, regulated CME Team derivatives marketplace may also help to create a forward curve so Ethereum market members can better manage price risk.
Ethereum’s Value Skyrockets Earlier $600
With appreciate to the fee of Ethereum, the price of ETH has skyrocketed prior $600 as Bitcoin posted a new all-time high in advance as of late. at the time of writing, Ethereum is buying and selling at $627 and appears set to maintain pushing ahead in tandem with a normally bullish outlook by means of crypto buyers. Furthermore, a bullish Ethereum may well be the primary sign of the highly expected alt-season that might mimic the 2017/2018 season.