Micro Ether Futures are now live on CME Group to hedge price of spot ETH. The futures allow traders to establish a long or short position in response to the upcoming Ethereum hard fork, which is scheduled for October 23rd.
The “how does ethereum futures work” is a question that has been asked of many people. The answer, the “Micro Ether Futures now live on CME Group to hedge price price of spot ETH |”.
Micro Ether Futures have been launched by the Chicago Mercantile Exchange (CME) Group, which has increased its crypto derivatives products. This year alone, the world’s largest and most varied derivatives marketplace has introduced two micro cryptocurrency products.
The CME Group has launched micro Ether futures.
The Micro Ether launch, according to Tim McCourt, global head of Equity Index and Alternative Investment Products, demonstrates the expansion and liquidity of cryptocurrency futures and options.
Micro Ether units will be one-tenth of an Ether (0.1), and this futures product will enable various market players to hedge their spot Ether price risk.
It also offers a more flexible approach to implement Ether trading strategies without sacrificing the benefits of CME’s larger-scale Ether Futures.
Micro Ether futures, according to other major players, fits within the CME Group’s mission of providing the greatest trading alternatives for customers. According to Steven Sanders, Executive Vice President of Marketing and Product Development at Interactive Brokers, the CME Group’s broad selection of futures products allows aggressive traders and institutional investors to profit from market opportunities while reducing risk across markets.
CME Group’s standing as an inventor and industry leader is further shown by the Micro Ether futures product. Clients may choose from a wide range of asset derivatives offered by the Group. Clients may trade options, futures, over-the-counter (OTC), and cash while also optimizing their portfolios and analyzing data.
The price of Ethereum is continuing moving in the same direction.
Despite the fact that the statement has been out for more than 24 hours, the value of Ethereum and other digital currencies has not risen in response to the news, as the market continues to trade sideways.
Ethereum’s value has increased by about 4% in the previous 24 hours, according to Ethereum statistics. However, ETH’s value has plunged to as low as $3700 in the previous seven days, and the larger crypto market has also seen a big decline in price during this time.
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