Ethereum futures start trading on CME Chicago Mercantile Exchange

Price data for contract trading is provided by crypto exchanges Bitstamp, Coinbase, Gemini, itBit and Kraken. After launchaltcoin futures price began to gradually rise.

On the night of February 8, Chicago Mercantile Exchange CMElaunched Ethereum futures trading. Price data for the instrument is provided by crypto exchanges Bitstamp, Coinbase, Gemini, itBit, and Kraken. On the eve of the start of trading, the quotes of the largest altcoin by capitalization fell to $ 1490, after which they began to grow. As of 09:30 Moscow time, futures on the asset are valued at $ 1,635.

The new product is traded under the ticker ETH.Companies providing liquidity for futures include BlockFi, Galaxy, Genesis, CoinShares, and the New York Digital Investment Group. One contract is equivalent to 50 ETH (about $ 81 thousand).

CME Announces Contract Addition In December2020 year. The company cited the growing demand for crypto derivatives as the reason for the launch of the tool. JPmorgan analysts warned that this could lead to negative Ethereum price action.

First time cryptocurrency futures - bitcoin -appeared on the Chicago Mercantile Exchange in December 2017, the day after the bitcoin price first hit $ 20,000. Then the BTC rate entered a long-term decline.

On February 5, Ethereum set an all-time high of $ 1,760. Since the beginning of the year, the value of the cryptocurrency has risen by almost 139%.

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