Cryptocurrency
Ethereum Futures Are Now Trading on CME
Ethereum Futures Are Now Trading on CME: (CoinDesk) The Chicago Mercantile Exchange (CME) has launched its much-anticipated futures contracts for ether – the native cryptocurrency of the Ethereum blockchain network. Announced in mid-December, trading in ether futures went live late Sunday, with the February contract registering an opening price of $1,669.75. At the time, the spot […]
Ethereum Futures Are Now Trading on CME:
(CoinDesk)
The Chicago Mercantile Exchange (CME) has launched its much-anticipated futures contracts for ether – the native cryptocurrency of the Ethereum blockchain network.
Announced in mid-December, trading in ether futures went live late Sunday, with the February contract registering an opening price of $1,669.75. At the time, the spot price stood at around $1,600.
The Chicago-based exchange has traded 77 contracts so far, with most activity concentrated on the February expiry. The futures contracts are legal agreements to buy or sell the crypto asset at a predetermined price at a later date.
CME’s ether futures are cash-settled and based on the exchange’s reference rate that includes data from major cryptocurrency exchanges Bitstamp, Coinbase, Gemini, itBit and Kraken.