On June 29, the Chicago Mercantile Exchange (CME) announceplans to launch Ether/Bitcoin Ratio Futures scheduled for July 31, subject to regulatory review.
Giovanni Vicioso, Head of Product Highlighting the potential of value trading opportunities between Ether and Bitcoin, Vicioso highlighted that while the two assets have been correlated in the past, CME Group’s cryptocurrency exchange has not yet emerged. But market dynamics may vary. This makes it possible to take advantage of performance differences.
“With the addition Ether/Bitcoin Ratio Futures will provide an opportunity for many clients who wish to hedge positions or implement other trading strategies in an efficient and cost-effective way.”
CME Group made its foray into the cryptocurrency market with the first Bitcoin futures launch in December 2017, followed by the launch of Ether futures in February 2021, realizing the growing demand for cryptocurrency investment opportunities. Digital CME Group therefore expands further. The 2022 proposal introduced micro BTC and ETH futures, giving traders additional options to participate in these digital assets.
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