Categories: Market

CME Announces Launch of Micro Ether Futures and Begins Trading December 6th

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

Championing positive change through finance, I've dedicated over eight years to sustainability and environmental journalism. My passion lies in uncovering companies that make a real difference in the world and guiding investors towards them. My expertise lies in navigating the world of sustainable investing, analyzing ESG (Environmental, Social, and Governance) criteria, and exploring the exciting field of impact investing. "Invest in a better future," I often say. That's the driving force behind my work at Coincu – to empower readers with knowledge and insights to make investment decisions that create a positive impact.