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CME explains why it waited three years for ETH futures

Published 12/21/2020, 01:03 PM
Updated 12/21/2020, 02:40 PM
CME explains why it waited three years for ETH futures

The Chicago Mercantile Exchange, or CME, recently announced plans to add Ethereum (ETH) futures to its offering — three years after launching Bitcoin (BTC) futures. Market development has impacted the exchange's decision to branch out.

“Since we launched the CME CF Ether-Dollar Reference Rate and Real-Time Index in 2018, there has been significant growth in ether transactions, and increased client demand for tools to manage price risk,” a CME representative told Cointelegraph.

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