CME Group has introduced euro-denominated Bitcoin and Ether futures on its derivatives marketplace today. The business claimed in a statement on Monday that the new product, which has a contract size of five Bitcoin and fifty Ethereum, will accompany its dollar-denominated crypto counterparts. “Designed to match their U.S. dollar-denominated counterparts, Bitcoin Euro and Ether Euro future contracts will be seized at five bitcoin and 50 ether per contract. These new contracts will be cash-settled, based on the CME CF Bitcoin-Euro Reference Rate and CME CF Ether-Euro Reference Rate, which serve as once-a-day reference rates of the euro-denominated price of Bitcoin and Ether.” Now live: euro-denominated Bitcoin and Ether futures. Efficiently manage bitcoin and ether exposure in the underlying currency of your choice. https://t.co/Mxfk4ajee9 pic.twitter.com/A5BZ53RAYL — CME Group (@CMEGroup) August 29, 2022 While derivatives rates have decreased along with the decline in crypto prices, trading in cryptocurrency derivatives on centralized exchanges increased by 13% last month compared to June, reaching more than $3 trillion. In July, the derivatives market accounted for 69% of all crypto volume, up from 66% in June. Tim McCourt, global head of equity and FX products at CME Group, states that: “The launch of these new futures contracts builds on the strong growth and deep liquidity we have seen in our existing U.S. dollar-denominat...
