CME Group Expands Crypto Futures Offering with Micro Euro-Denominated Bitcoin and Ether Futures

CME Group, the leading derivatives marketplace, is set to enhance its cryptocurrency derivatives portfolio by introducing Micro Euro-denominated Bitcoin and Ether futures on March 18, pending regulatory approval. This move comes in response to growing demand from global investors seeking more precise risk management tools as interest in cryptocurrencies continues to surge.

The new Micro Euro-denominated futures contracts, designed to match their U.S. dollar-denominated counterparts, will be sized at one-tenth of the respective underlying cryptocurrencies, making them more accessible for investors looking to hedge their exposure to Bitcoin and Ether. Giovanni Vicioso, Global Head of Cryptocurrency Products at CME Group, highlighted the significant increase in volume in the USD-denominated Micro Bitcoin and Micro Ether futures, emphasizing the need for more efficient hedging options in the Euro-denominated market.

TP ICAP, a global leader in financial services, expressed its support for CME Group’s latest initiative, emphasizing the market-defining nature of these crypto derivatives. Sam Newman, Digital Assets Head of Broking at TP ICAP, underlined the importance of expanding accessibility and utility of crypto derivatives, particularly within Europe.

The launch of Micro Euro-denominated Bitcoin and Ether futures marks a significant milestone in CME Group’s cryptocurrency product suite, which has consistently provided liquidity, volume, and open interest for clients seeking exposure to the digital asset class. In January alone, CME Group witnessed record-breaking average daily volume across all cryptocurrency products, highlighting the growing interest and participation in crypto futures trading.

With 24% of Bitcoin and Ether futures volume transacted from the Europe, the Middle East, and Africa (EMEA) region year-to-date, CME Group aims to develop additional tools to cater to the evolving needs of clients in these regions. The expansion of its derivatives offering reflects CME Group’s commitment to innovation and meeting the demands of the global market.

The introduction of Micro Euro-denominated Bitcoin and Ether futures comes at a time when the derivatives market for cryptocurrencies is experiencing significant growth. CME Group’s decision to launch these contracts underscores the importance of providing diverse and accessible investment options for investors worldwide.