CME to Launch Micro ETH Futures on Dec. 6

Posted on by American Coins & Gold

CME to Launch Micro ETH Futures on Dec. 6
The Chicago Mercantile Exchange (CME) will launch Micro Ether futures on Dec. 6, pending regulatory review, the exchange announced Tuesday.The CME already offers a number of crypto derivative products including 20 Micro products such as Micro Bitcoin futures, which were launched in May.The Micro Bitcoin futures product organizes futures around 1/10th of a bitcoin. Similarly, the Micro Ether futures will also be sized at 1/10th of one ether.The company said the new contract will be cash-settled, based on the CME CF Ether-Dollar Reference Rate, which is used as a daily reference rate of the U.S. dollar price of ether.The much-anticipated…