Chicago Mercantile Exchange (CME) Group is set to revolutionize the cryptocurrency market with the introduction of Ether/Bitcoin Ratio futures on July 31.
This innovative offering will allow market participants to trade futures contracts based on the ratio between Ether and Bitcoin.
The Ether/Bitcoin Ratio futures will be cash-settled, aligning with the value of CME Group Ether divided by the corresponding CME Group Bitcoin futures’ final settlement price. This approach ensures a seamless trading experience for investors.
Global Head of Trading at Galaxy, Jason Urban, expressed enthusiasm for the new offering, stating that the launch of Ether/Bitcoin Ratio futures completes the currency triangle, comprising BTC/USD and ETH/USD dollar legs, along with the ETH/BTC cross.
The new ETH/BTC cross-cryptocurrency contract from CME Group opens up increased flexibility for investors when hedging positions in non-dollar offshore markets.
With the launch of Ether/Bitcoin Ratio futures, CME Group continues to demonstrate its commitment to fostering innovation and providing market participants with diverse hedging options, further strengthening the cryptocurrency market.
Also Read: Coinbase Launches BTC & ETH Futures on Derivatives Exchange
