CME Group to Launch Nasdaq CME Crypto Index Futures
Nasdaq CME Crypto Index futures will be the company's first-ever market-cap weighted futures contract, and available to trade in both micro-sized and larger-sized contracts. These contracts will provide market participants with a capital-efficient way to gain exposure to the top cryptocurrencies by market cap – all through a single, financially settled futures contract.
"Building on our long-standing partnership, our new Nasdaq CME Crypto Index futures will offer clients a regulated, cost-effective and convenient way to hedge or gain broad-based exposure to the overall crypto market," said
"As investor participation in cryptocurrencies continues to evolve, there is growing demand for benchmarks that reflect the broader market and are built with the same governance and transparency investors expect in other asset classes," said
At expiration, Nasdaq CME Crypto Index futures will be financially-settled to the value of the Nasdaq CME Crypto Settlement Price Index, which measures the performance of the largest and most actively traded cryptocurrencies, and currently includes (as of
Nasdaq CME Crypto Index futures will be listed on and subject to the rules of CME. For more information on these products, please visit https://www.cmegroup.com/nasdaqcrypto.
About
As the world's leading derivatives marketplace, CME Group (www.cmegroup.com) enables clients to trade futures, options, cash and OTC markets, optimize portfolios, and analyze data – empowering market participants worldwide to efficiently manage risk and capture opportunities.
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SOURCE CME Group