CME Group, a major derivatives trading platform, announced on June 29 the upcoming launch of Ether/Bitcoin ratio futures pending regulatory approval.
CME Group is set to introduce its BTC/ETH ratio futures product on July 31, 2023, offering traders the ability to speculate on the relative price movement of these two cryptocurrencies in a single trade.
Industry members shared their thoughts on the new offering:
Industry Members’ Comments
Giovanni Vicioso, CME Group Global Head of Cryptocurrency Products, stated:
“With the addition of Ether/Bitcoin Ratio futures, investors will be able to capture Ether and Bitcoin exposure in a single trade, without needing to take a directional view.”
Jason Urban, Global Head of Trading at Galaxy Digital, mentioned that this investment will expand opportunities for institutions and sophisticated investors.
Paul Eisma, Head of Options Trading at XBTO, believes that the new fund could positively impact markets by increasing volumes and reducing spreads.
Brooks Dudley of Marex Capital Markets described the offering as an important advancement for CFTC-regulated cryptocurrency derivatives.
The article CME Group to offer Ether/Bitcoin ratio futures in July first appeared on CryptoSlate.
