Ethereum

Bitcoin

The Chicago Mercantile Exchange (<a target="_blank" href="https://tokeninsight.com/en/news?title=cme">CME</a>) Group announced its plans to introduce Ether/Bitcoin Ratio futures. The launch of these futures contracts is slated for July 31, subject to regulatory review.
According to the announcement, the settlement of $ETH/$BTC Ratio Futures will be in cash, based on the final settlement price of CME’s $ETH futures divided by the final settlement price of CME’s Bitcoin futures. This new contract will adhere to the identical listing cycle in CME Bitcoin and Ethereum futures contracts.
Giovanni Vicioso, CME Group’s global head of cryptocurrency products said:
<blockquote>
 “With the addition of Ether/Bitcoin Ratio futures, investors will be able to capture ether and bitcoin exposure in a single trade, without needing to take a directional view. This new contract will help create opportunities for a broad array of clients looking to hedge positions or execute other trading strategies, all in an efficient, cost-effective manner."
</blockquote>
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Chicago Mercantile Exchange to Introduce $ETH/$BTC Ratio Futures

TokenInsight

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