CME Trades 100K Contracts of Micro Ether Futures in First Two Weeks

Posted on by American Coins & Gold

CME Trades 100K Contracts of Micro Ether Futures in First Two Weeks
Micro ether futures contracts introduced on the Chicago Mercantile Exchange (CME) earlier this month are off to a slower start than the bitcoin equivalents that began trading in May. Derivatives giant CME launched the ether versions on Dec. 6, opening the door for traders of all sizes to hedge their exposure in the native token of Ethereum’s blockchain.The new offering has seen 115,000 contracts change hands in the two weeks to Dec. 17, the exchange told CoinDesk in an email.“Participation in our Micro Ether futures contract has grown rapidly since its launch two weeks ago, and we are encouraged by…