Some of the leading companies in the financial industry, including Societe Generale and the London Stock Exchange, have partnered to study the potential use cases of the blockchain technology.
Derivatives giant CME appears set to launch 3 new crypto reference rates at the end of the month, in collaboration with CF Benchmarks.
While CME is launching its ETH options trading, the short ETH calls in the derivatives market have picked up significantly as traders are hedging the spot calls.
The Bitcoin euro futures contracts will be sized at 5 BTC per contract and the Ether euro futures contracts will be sized at 50 Ether per contract.
As the open interest for Ethereum options shoots to $8 billion, CME plans to bring ETH options contracts just ahead of the Merge event.
CME Group global head Tim McCourt said that there’s a growing demand for BTC and ETH derivative products in Europe and thus it makes sense to bring these products to its institutional clients.
The CME micro options for Bitcoin and Ether finally have gone live which will encourage investors with smaller wallets to participate in the crypto derivatives trading.
Google will also benefit from the deal as it gives the company a hedge in the financial services sector.
The advent of the Micro Ether Futures from CME Group is a move in the right direction towards attracting mainstream financial traders into the digital currency ecosystem.
Bloomberg’s senior ETF strategist notes that there are high chances of Bitcoin ETF approval in the US this month. It looks like this could be a major trigger to the next bull run.
The expectations of Dogecoin futures from the CME might be attributed to the launch of similar products by some major cryptocurrency exchanges.
