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CME group expands crypto derivatives offerings; to launch Micro Ether futures
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Prominent derivatives marketplace, Chicago Mercantile Exchange [CME] took its interest in Ethereum seriously, as it announced that it is expanding its crypto derivatives offerings to include Micro Ether futures.
According to an official statement by the derivatives provider, this series will launch on 6th December. Micro Ether futures are sized one-tenth of one Ether as per CME, and will provide an efficient, cost-effective way to users.
Tim McCourt, CME Group Global Head of Equity Index and Alternative Investment Products noted,
“Since the launch of Ether futures in February, we have seen steady growth in liquidity in these contracts, especially among institutional traders.”
He added,
“At the same time, the price of ether has more than doubled
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