CME Group, the largest mercantile exchange in the world, has announced they will be launching Ethereum futures on February 8th, 2021.
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This move will likely bring new institutional players into the space because they are more comfortable with trading on the CME. Many institutions do not want to trade at boutique cryptocurrency exchanges, and would prefer trading on a well known traditional exchange like the CME.
“Building on the success of Bitcoin futures and options, CME Group will add Ether futures to the cryptocurrency risk-management solutions available to trade in February,” the firm said in a statement.
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