PANews, May 14: CME Group announced plans to launch Nasdaq CME Crypto Index Futures on June 8, pending regulatory approval. The product will offer both micro and standard contracts, marking CME’s first market-cap-weighted cryptocurrency futures contract. The index futures will be cash-settled at expiration based on the Nasdaq CME Crypto Settlement Price Index, which currently includes Bitcoin, Ethereum, SOL, XRP, ADA, LINK, and XLM (Lumens). CME stated that its cryptocurrency products have seen a 43% year-over-year increase in average daily trading volume this year.
CME Group to Launch Nasdaq CME Crypto Index Futures on June 8
PANewsShare
Summary
CME Group will launch Nasdaq CME Crypto Index Futures on June 8, subject to regulatory approval. The product includes micro and standard contracts, cash-settled using the Nasdaq CME Crypto Settlement Price Index. The index covers Bitcoin, Ethereum, SOL, XRP, ADA, LINK, and XLM—several of which are altcoins to watch. CME reported a 43% year-to-date increase in average daily trading volume for its crypto products. Market sentiment, as reflected in the Fear & Greed Index, remains a key factor for traders monitoring the index’s performance.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.