US CME plans to offer ETH/BTC pair futures

ETH to BTC ratio futures

Major US derivatives exchange CME (Chicago Mercantile Exchange) has announced plans to offer ether/bitcoin (ETH/BTC) ratio futures from July 31st. It can be launched once it is approved by the CFTC.

Efficiently capture the relative value of ether and bitcoin in a single trade with Ether/Bitcoin Ratio futures, launching July 31. https://t.co/WDFhIt5rJ7

—CME Group (@CMEGroup) June 29, 2023

As for how the ETH/BTC pair works, CME Ethereum Futures Final Settlement Price is divided by CME Bitcoin Futures Final Settlement Price to determine its value.

“Historically, ETH and BTC have been highly correlated, but as the two assets grow over time, their price movements may differ,” said Giovanni Vicioso, global head of cryptocurrency products at CME Group. “There will be opportunities for relative value trading,” he said.

CME currently offers Bitcoin (BTC) and Ethereum (ETH) futures and options trading.

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