Chicago Mercantile Exchange (CME Group) announced on the launch of event contracts for futures for the first cryptocurrency.
According to the CME Group, the new tool “provides market access to a wide range of investors” through a fully regulated exchange.
“[…] the new contracts will offer an innovative, cheaper way to exchange views on whether the price of bitcoin moves up or down,” the post reads.
The deal is capped at $20 and allows you to bet on an event at the end of each trading session. Contracts cover various futures markets with underlying instruments such as the E-mini Dow Jones Industrial Average, E-mini Russell 2000 and E-mini S&P 500.
Earlier, CME Group announced the listing of euro-denominated futures for the second largest cryptocurrency by capitalization.
In September 2022, the exchange launched options on Ethereum – the contract is one futures worth 50 ETH.
In the autumn of the same year, CryptoQuant became an on-chain data provider for the CME Group.
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