As more and more investors become interested in Ethereum, the Chicago Mercantile Group (CME) will expand its crypto derivatives services and introduce Micro Ether Futures next month on December 6th.

CME Micro Ether (ETH) futures start next month in December

The micro-ether futures product is 1/10 the size of the ETH and is intended to offer retailers and institutional players an efficient and cost-effective way of trading ether derivatives. The announcement comes at a time when Ether (ETH) is trading at an all-time high of over $ 4600.

The world’s second largest cryptocurrency soared last month and entered new pricing territory. At the beginning of February this year, the CME Group launched the first Ether Futures contract. Speaking of the latest developments: The new Micro Ether Futures of the CME Group are settled in cash based on the CME CF Ether reference rate. Tim McCourt, Global Head of Equity Indexes and Alternative Investment Products, CME Group, said:

“Since the introduction of the Ether Futures in February, we have seen a steady increase in liquidity in these contracts, especially among institutional traders. At the same time, the price of Ether has more than doubled since the inception of these contracts, requiring a microcontract to make this market more accessible to more participants. Micro-Ether-Futures offer even more choice and precision in the transparent, regulated and efficient trading of Ether-Futures at the CME Group. “

Previously, the CME Group launched micro-bitcoin futures in May, with over 2.7 million contracts traded to date.

CME offers the following benefits to the Micro Ether Futures Product: Traders will be able to gain accuracy in their strategy and increase or decrease their trading positions. This will also allow futures traders to be more efficient and avoid “potential losses”. The upcoming launch shows that the institutional appetite for Etheruem has reached a new all-time high.

Ethereum Futures ETF could come after Micro Ether Futures

Amid the recent launch of a Bitcoin futures ETF, there is now strong demand in the market for the launch of a similar derivative for Ethereum. According to the latest report, the Ethereum futures derivative product is expected to hit the market as early as the first quarter of 2022.

The second largest cryptocurrency in the world is one of the most powerful on the market this year. Analysts predict that ETH price could reach $ 10,000 by the end of the year.

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