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CME adds UNI and BCH futures October 19

CME adds UNI and BCH futures October 19

CME Group will add Bitcoin Cash and Uniswap futures to its crypto derivatives lineup on October 19, pending regulatory review. The contracts, confirmed Tuesday, give banks, hedge funds and asset managers a regulated way to take a position on two tokens they could previously only reach through offshore venues.

UNI jumped about 5% within minutes of the announcement, and BCH climbed nearly 10%, the kind of move that fits a credibility trade more than a thesis change. What changes on October 19 is who can sit at the table, and at what notional size.

The contracts

Standard UNI futures will cover 10,000 tokens per contract, with a micro version at 1,000. Standard BCH futures will cover 250 tokens, micro at 25. At current prices, one standard UNI…

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