Key Takeaways
- CME Group plans futures connected to a crypto index that includes bitcoin, ether, XRP, and several other digital assets.
- Micro-sized and larger-sized contracts could give traders additional tools for hedging and diversified crypto exposure.
- Trading remains subject to regulatory review before the Nasdaq CME Crypto Index futures can launch.
CME Group Sets Nasdaq Crypto Index Futures Launch Date
CME Group, the world’s leading derivatives marketplace, announced on May 14 that it plans to launch Nasdaq CME Crypto Index (NCI) futures on June 8, pending regulatory review. The product would give market participants exposure to leading cryptocurrencies through one financially settled futures contract tied to a Nasdaq CME index.
The…
