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CME Group plans to launch Nasdaq Cryptocurrency Index Futures on June 8
ME News Report, May 14 (UTC+8), CME Group announced plans to launch Nasdaq CME Crypto Index Futures on June 8, currently awaiting regulatory approval. The product will offer micro and standard contracts, making it CME’s first market-cap-weighted cryptocurrency futures contract. The index futures will be cash-settled at expiration based on the Nasdaq CME Crypto Settlement Price Index, which currently includes Bitcoin, Ethereum, SOL, XRP, ADA, LINK, and XLM (Lumens). CME stated that its cryptocurrency products have seen a 43% year-over-year increase in average daily trading volume so far this year. (Source: PANews)