CME Group launches micro Ether futures as ETH hovers at $4K

CME Group launches micro Ether futures as ETH hovers at $4K
© Reuters

Major derivatives marketplace Chicago Mercantile Exchange Group has expanded its crypto offerings to include a micro Ether futures product.

In a Monday announcement, the CME Group (NASDAQ:CME) said it had launched a micro Ether (ETH) futures contract sized at 0.1 ETH, giving institutional and individual traders another product for Ether exposure. The cash-settled micro ETH derivatives offering is trading under the Globex code METZ1 and joins crypto derivatives products at the exchange including micro Bitcoin (BTC) futures, Bitcoin futures, options on Bitcoin futures and Ether futures.

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