The Chicago Mercantile Exchange (CME) Group, the largest U.S. derivatives exchange, has introduced micro ether (ETH) futures, its second micro-crypto product of 2021.
- Similar to the micro bitcoin futures launched in May, micro ether futures are 1/10 of one ETH.
- The exchange is looking to offer investors an efficient means of hedging their ether exposure, it said Monday.
- “The launch of micro ether futures underscores the significant growth and liquidity we have seen in our cryptocurrency futures and options,” Tim McCourt, CME Group’s global head of equity index and alternative investment products, said in an email.
Read more: How Bitcoin Set Itself Up for This Sell-Off
UPDATE (Dec. 6, 16:41 UTC): Adds trading volumes in last bullet point.
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