Bloomberg Law
Aug. 4, 2022, 5:36 PM

CME Unveils Plans for Bitcoin and Ether Futures Tied to Euro

Immanual John Milton
Immanual John Milton
Bloomberg Editorial

One of the world’s largest derivatives exchange owners is forging ahead into the cryptocurrency market with two new futures offerings.

CME Group Inc. will introduce Bitcoin and Ether Euro futures on Aug. 29, the company announced Thursday in a press release. They arrive as the crypto market falters. Bitcoin is down about 50% so far this year, while the second largest crypto Ether is down 56%.

Futures contracts, tradeable derivative agreements, helps investors tap into volatile markets like crypto and allows traders to hedge their cash positions in digital currency.

“Ongoing uncertainty in cryptocurrency markets, along with the robust growth ...

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