The Chicago Mercantile Exchange (CME), the world’s largest futures exchange based in Chicago, has announced the introduction of micro-ether futures in a … Press release Nov 2nd. The new derivative will be available for trading on December 6th.

A single micro-ether futures contract is worth 0.1 ETH, which is roughly $ 443 at press time. Previously, CME had introduced regulated ether futures in February when ether was trading at $ 1,669.

CEO Tim McCourt said liquidity has seen “steady growth” driven by strong institutional interest:

“Since the introduction of the Ether Futures in February, we have seen a steady increase in liquidity in these contracts, especially at institutions.”

This afternoon, the second largest cryptocurrency hit a new all-time high of $ 4,477 on Binance, extending its stellar rally in the fourth quarter, such as Bitcoin magazine reported.

Currently, Ether is up 489%, significantly outperforming Bitcoin.

CME made a foray into the crypto market with the introduction of Bitcoin futures in late 2017.

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Annie

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