CME Group to Launch "ETH/BTC" Futures Product, Awaiting Regulatory Approval

The Chicago Mercantile Exchange (CME) Group announced that it will launch ETH/BTC futures trading on July 31st, as stated in a press release, pending final regulatory approval.

ETH/BTC Cash-Settled, Trading Cycle Synchronized with Existing Futures

ETH/BTC futures trading pairs will be settled in cash based on the final prices of ETH and BTC futures on the CME, and the trading cycle will be the same as existing ETH and BTC futures products.

Giovanni Viciioso, Head of CME Group Global, stated:

ETH and BTC have historically shown a high degree of correlation and have increased over time, but market dynamics may cause one asset's volatility to outperform the other, creating trading opportunities. This new contract product helps users seek hedging or execute other trading strategies in an efficient and cost-effective manner.

ETH/BTC Becomes CME Group's Ninth Cryptocurrency Derivative Product

According to previous reports and official website information, the timeline of CME Group's cryptocurrency products is as follows:

• 12/2017: Bitcoin Futures | Contract Size: 5 BTC

• 1/2020: Bitcoin Options | Contract Size: 5 BTC

• 2/2021: Ethereum Futures | Contract Size: 50 ETH

• 5/2021: Micro Bitcoin Futures | Contract Size: 0.1 BTC

• 12/2021: Micro Ethereum Futures | Contract Size: 0.1 ETH

• 3/2022: Micro Bitcoin and Ethereum Options | Contract Size: 0.1 BTC, 0.1 ETH

• 8/2022: Ethereum Options | Contract Size: 50 ETH