Chicago Mercantile Exchange Group (CME) announced on Monday the launch of euro-denominated Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) futures.
Tim McCourt, global head of equity and FX products at CME Group, said the new products are made to allow institutional investors another way to buy the cryptocurrencies in a controlled environment.
“Ongoing uncertainty in cryptocurrency markets, along with the robust growth and deep liquidity of our existing Bitcoin and Ethereum futures, is creating an increased demand for risk management solutions by institutional investors outside the U.S.,” said McCourt. …
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