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Ether Futures Recorded $30M Traded Volume on CME Debut
Feb 10 2021 · 12:30 UTC | Updated
Feb 10 2021 · 12:41 by Steve Muchoki · 3 min read
Photo: Depositphotos
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According to CME Group market data, a total of 388 Ether futures contracts exchanged hands on the first day of trading.
The second digital asset by market capitalization Ethereum is now exposed to institutional investors through regulated Ether Futures on the Chicago Mercantile Group. Notably, Ether Futures recorded a whopping $30 million in traded volume on its CME debut.
“As institutional demand for transparent, exchange-listed crypto derivatives continues to increase, we are pleased to launch our new Ether futures contract,” said Tim McCourt, CME Group Global Head of Equity Index and Alternative Investment Products.