CME Group has announced the upcoming launch of the Nasdaq CME Cryptocurrency Index Futures on June 8, pending regulatory approval. This marks the company's first market-cap-weighted futures contract, available in both micro and standard sizes.
The new futures contracts will allow market participants to efficiently allocate capital by gaining exposure to leading cryptocurrencies through a single financially settled contract. Settlement will be based on the Nasdaq CME Cryptocurrency Settlement Price Index, which currently tracks Bitcoin, Ethereum, SOL, XRP, ADA, LINK, and Lumens (XLM).
CME Group to Launch Nasdaq CME Crypto Index Futures on June 8
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