CME Group Inc. is set to introduce a futures contract on the cryptocurrency ether in February 2021. The inclusion will be subject to regulatory approval.
The proposed contract will be cash-settled.
Amid the success of Bitcoin futures and options, CME Group will add Ether futures to its cryptocurrency risk-management solutions. This is expected to offer the clients a tool to trade and hedge this digital currency.
In January 2020, CME launched bitcoin options and options on SOFR.