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Chicago Mercantile Exchange: Plans to Launch Nasdaq Crypto Index Futures on June 8
SvmuuNews Chicago Mercantile Exchange CME Group plans to launch the Nasdaq CME Crypto Index futures on June 8, pending regulatory review. The product is its first market-cap-weighted futures contract, available in both micro and large sizes. The contracts will be cash-settled and track the Nasdaq CME Crypto Settlement Price Index, which is composed of Bitcoin, Ethereum, SOL, XRP, ADA, LINK, and Lumens. Giovanni Vicioso, Global Head of Cryptocurrency Products at CME Group, stated that the average daily trading volume of its crypto products has increased by 43% this year. The new product will provide investors with regulated and efficient risk management tools.
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