{"id":138562,"date":"2020-12-21T21:03:40","date_gmt":"2020-12-21T18:03:40","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/cme-explains-why-it-waited-three-years-for-eth-futures\/"},"modified":"2020-12-21T21:03:40","modified_gmt":"2020-12-21T18:03:40","slug":"cme-explains-why-it-waited-three-years-for-eth-futures","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/cme-explains-why-it-waited-three-years-for-eth-futures\/","title":{"rendered":"# CME explains why it waited three years for ETH futures"},"content":{"rendered":"<p>&#8220;<strong># CME explains why it waited three years for ETH futures  <\/strong>&#8221;<br \/>\n<img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjAtMTIvZjEyMWIyZjgtNmNkNy00MTY2LTg2YWYtZTk0M2I1NzkzNmJjLmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-5a136f3a>The Chicago Mercantile Exchange, or CME, recently announced plans to add Ethereum (ETH) futures to its offering \u2014 three years after launching Bitcoin (BTC) futures. Market development has impacted the exchange&#8217;s decision to branch out.\u00a0<\/p>\n<p>\u201cSince we launched the CME CF Ether-Dollar Reference Rate and Real-Time Index in 2018, there has been significant growth in ether transactions, and increased client demand for tools to manage price risk,\u201d a CME representative told Cointelegraph. <\/p>\n<p>Similar to CME\u2019s Bitcoin Reference Rate, the CF Ether-Dollar Reference Rate and Real-Time Index essentially show ETH\u2019s going market price. \u201cAs with any new product or service, we made the decision to launch Ether futures based on strong client demand and a clearly articulated need,\u201d the representative said. \u201cListing Ether futures on a regulated, time-tested exchange will help to create a forward curve for investors to hedge their exposure in the cash market.\u201d <\/p>\n<p>The CME made the\u00a0announcement on Dec. 16, noting <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.cmegroup.com\/trading\/cryptocurrency-indices\/cf-ethereum-reference-rate.html\">plans<\/a> for the product\u2019s market entrance in February of 2021. Regulation still factors into the equation, however. \u201cWe are engaged with the CFTF [Commodity Futures Trading Commission] and currently intend to certify in early Q1,\u201d the CME representative said.<\/p>\n<p>The CME\u2019s Bitcoin futures trading product hit the market\u00a0on Dec. 17, 2017 \u2014 just over three years ago. The exchange then launched Bitcoin options trading in early 2020. Both products have received notable volume numbers and attention. <\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/cme-explains-why-it-waited-three-years-for-eth-futures\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# CME explains why it waited three years for ETH futures &#8221; The Chicago Mercantile Exchange, or CME, recently announced plans to add Ethereum (ETH) futures to its offering \u2014 three years after launching Bitcoin (BTC) futures. Market development has impacted the exchange&#8217;s decision to branch out.\u00a0 \u201cSince we launched the CME CF Ether-Dollar Reference&#8230;<\/p>\n","protected":false},"author":1,"featured_media":138563,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/s3.cointelegraph.com\/uploads\/2020-12\/f121b2f8-6cd7-4166-86af-e943b57936bc.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[75845,74891,75846,53690],"class_list":["post-138562","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-cme","tag-ethereum","tag-futures","tag-chicago"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/138562","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=138562"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/138562\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/138563"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=138562"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=138562"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=138562"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}