The major derivatives market, the Chicago Mercantile Exchange Group, has announced the expansion of its crypto offering to include an Ethereum mini-futures product, according to Coin Telegraph.
The group said in a statement on Monday that it had launched a 0.1 Ethereum (ETH) mini futures contract, giving institutional and individual traders another product for exposure to Ethereum. .
Ethereum cash-settled micro-derivatives offerings are traded under Globex (METZ1) rules and join the exchange's crypto-derivative products including Bitcoin mini futures and futures contracts. Bitcoin futures and options Bitcoin futures and Ethereum futures.
Tim McCourt, global head of alternative investment products at CME Group, said the offering would allow investors to hedge Ethereum spot price risk or implement more Ethereum trading strategies. agility.
Genesis Global Trading, one of the liquidity providers of CME Group's crypto derivatives offering, said it has already executed a contract for the Ethereum mini-futures product in partnership With a cryptocurrency investment company (XBTO).
Joshua Lim, Head of Derivatives at Genesys, said: The Ethereum mini futures contract addresses the need for greater flexibility and more precise hedging.
The announcement came after the price of Ethereum and several cryptocurrencies, including Bitcoin, fell dramatically over the weekend.
