Ethereum Futures Are Now Trading on CME
The Chicago exchange has now traded 77 ETH contracts after going live on Sunday.
Retail-dominated Bybit is now a bigger bitcoin futures exchange than CME.
A single large sell order appears to have sent prices for trading contracts on polkadot tumbling from about $33 to 25 cents in less than a minute.
CME's micro futures contract will provide institutions and individual traders one more tool to hedge their spot market risks.
The bitcoin market looks to be in a more healthy state after massive long liquidations blew the froth off the futures market.
“We are at all-time-highs territory [and] the market still has to make up its mind" about next resistance or supporting levels, says one broker.