CME Group now has event contracts for BTC futures

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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