The Chicago Mercantile Exchange (CME Group) announced the launch of event contracts on Bitcoin futures.
\n\n\n\n
According to CME Group, the new instrument “provides broad access to the market” through a fully regulated exchange.
\n\n\n\n
“[…] the new contracts will offer an innovative, cheaper way to express views on the direction of Bitcoin’s price movement,” the statement said.
\n\n\n\n
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.
\n\n\n\n
Earlier CME Group announced the listing of euro-denominated futures on the second-largest cryptocurrency.
\n\n\n\n
In September 2022 the exchange launched Ethereum options — the contract is a single futures contract for 50 ETH.
\n\n\n\n
In the autumn of the same year CryptoQuant became a provider of on-chain data for CME Group.