CME Group allegedly decided to make changes to its reference rate and index tied to Ethereum. Their sources say it could mean a future tied to the crypto is coming to its marketplace.
The CME Group has seen a massive surge in open interest for Bitcoin Futures contracts that also hints towards rising institutional participation.
Bitcoin seems to be cementing its position above $5000 levels while preparing for the next big bull run.
Electronic trading across CME Group Inc.’s futures markets resumed late Tuesday after technical problems triggered an hourslong trading halt.
It seems that we’ll have to wait some more for Bakkt to get its Bitcoin futures contract approved. A new report claims that the CFTC’s decision-making process has been progressing slow and now it is likely to go live only in February 2019.
In spite of all the previous rumors, CME Group Inc. is not going to introduce futures on cryptocurrencies other than Bitcoin.
The US-based derivatives marketplace is planning to estimate user demand for ethereum futures product prior to its future launch on the platform.
CME Group is announcing new ethereum price products that will provide users with an access to a reference rate and a real-time pricing index for the world’s second-largest digital currency.
The crypto trading firm Crypto Facilities launches Ethereum futures, allowing investors to broaden investment opportunities and manage risks more effectively.
The Bitcoin price has bounced up to $9,370 following recent a 10 percent decline marked on April 26 that reportedly was triggered by the sale of the Mt. Gox trustee funds while technical figures indicate the feasible potential for a move higher towards major resistance at $10,000.