On December 6, the Chicago Mercantile Exchange (CME) launched microfutures on the cryptocurrency Ethereum.
The newest member of the CME Group cryptocurrency product family has arrived. Micro Ether futures are available for trading. https://t.co/bJoZWA7qZz
— CME Group (@CMEGroup) December 6, 2021
Each contract is one-tenth of ETH. Microfutures are cash-settled and do not involve physical delivery.
Against this backdrop, the price of the second-largest cryptocurrency rose above $4,160. In the last 24 hours, the asset rose by 0.5%, according to CoinGecko.
Earlier, the Chicago Mercantile Exchange launched Ethereum futures in February. In May, CME began trading microfutures on Bitcoin.
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