CME Group launches event contracts on Bitcoin futures

The Chicago Mercantile Exchange (CME Group) announced the launch of event contracts on Bitcoin futures.

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According to CME Group, the new instrument “provides broad access to the market” through a fully regulated exchange.

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“[…] the new contracts will offer an innovative, cheaper way to express views on the direction of Bitcoin’s price movement,” the statement said.

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The contract is capped at $20 and allows bets on the event at the end of each trading session. The contracts cover various futures markets with underlying instruments such as the E-mini Dow Jones Industrial Average, E-mini Russell 2000, and E-mini S&P 500.

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Earlier CME Group announced the listing of euro-denominated futures on the second-largest cryptocurrency.

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In September 2022 the exchange launched Ethereum options — the contract is a single futures contract for 50 ETH.

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In the autumn of the same year CryptoQuant became a provider of on-chain data for CME Group.