The Block28 minutes ago

Published on February 20, 2024 14:03 GMT+00:00edited on February 20, 2024 14:04 GMT+00:00

The Chicago Mercantile Exchange (CME) plans to launch euro-denominated micro bitcoin and ether futures on March 18, according to a statement released Tuesday.

Pending regulatory review, the expansion of its cryptocurrency derivatives offering is set to follow the launch of its U.S. dollar-denominated micro bitcoin futures contracts in May 2021 and micro ether futures in December 2021. CME previously announced the launch of regular euro-denominated bitcoin and ether futures contracts in August 2022. It also offers bitcoin and ether options products.

Similar to their U.S. dollar-denominated counterparts, the micro bitcoin euro and micro ether euro futures contracts will be one-tenth the size of the respective underlying assets — aimed at providing a cost-effective way to gain bitcoin and …