CME Group set to introduce ETH to BTC Ratio futures

On June 29, the Chicago Mercantile Trade (CME) Group introduced its plans to introduce Ether/Bitcoin Ratio futures. The launch of those futures contracts is slated for July 31, topic to regulatory evaluation.

In response to the announcement, the settlement of Ether/Bitcoin Ratio futures might be in money, primarily based on the ultimate settlement worth of CME Group’s Ether (ETH) futures divided by the ultimate settlement worth of CME Group’s (NASDAQ:) (BTC) futures. Furthermore, this new contract will adhere to the equivalent itemizing cycle noticed in CME Group’s Bitcoin futures and Ether futures contracts.

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