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CME Group Unveils Plans of Launching Ether/Bitcoin Ratio Futures
On Thursday, June 29, the world’s leading derivatives platform CME Group announced plans to launch the ether/bitcoin (ETH/BTC) ratio futures subject to approval from the regulators.
These futures will be cash-settled meaning that the settlement will happen in cash instead of the underlying instrument. Also, the settlement will happen to the value of the CME Group Ether futures final settlement price, divided by the corresponding CME Group Bitcoin futures final settlement price.
The ETH/BTC ratio futures will follow the same settlement cycle as that of the CME Group Bitcoin futures and Ether futures contracts. Speaking of the development, Giovanni Vicioso, CME Group Global Head of Cryptocurrency Products said:
“Historically, ether and bitcoin have been highly correlated; however, as the two assets have grown over time, market dynamics may affect the performance of one more than the other, creating relative
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