tl;dr
CME Group to launch micro bitcoin and ether futures contracts denominated in euros to offer more efficient hedging options for clients. Giovanni Vicioso, global head of Cryptocurrency Products at CME, highlighted that 24% of BTC and ETH futures volume at CME has been transacted from the Europe, the ...
CME Group to launch micro bitcoin and ether futures contracts denominated in euros to offer more efficient hedging options for clients. Giovanni Vicioso, global head of Cryptocurrency Products at CME, highlighted that 24% of BTC and ETH futures volume at CME has been transacted from the Europe, the Middle East, and Africa (EMEA) region since the start of 2024. The new contracts will be sized at one-tenth of their respective underlying cryptocurrencies and are intended to match their U.S. dollar-denominated counterparts. January saw a record month in terms of average daily volume across all crypto products, with 71K contracts having changed hands.
More about CME Group Inc
CME Group Inc. is the world's largest financial derivatives exchange, trading in a wide range of asset classes including agricultural products, currencies, energy, interest rates, metals, stock indexes, and cryptocurrencies futures. The company's market capitalization stands at $76.41 billion, with a stock price of $228.85. The stock has shown a 4.4% increase in the last quarter and an 8.85% increase in the last year. The company's price-to-earnings ratio is 23.98, and it has a dividend yield of 0.578%. The market sentiment towards CME Group Inc. appears to be positive, with a bullish trend in the stock performance. However, it is important to consider potential risks and uncertainties associated with the company's exposure to various asset classes and derivatives trading.
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