On June twenty ninth, the Chicago Mercantile Change (CME) Group introduced It plans to introduce Ether/Bitcoin ratio futures. Graduation of those futures contracts is scheduled for July 31, topic to regulatory overview.

In accordance with the announcement, settlement of the Ether/Bitcoin ratio futures can be executed in money primarily based on CME Group’s remaining settlement value of Ether (ethereum) futures divided by remaining settlement value on CME Group (NASDAQ:) (BTC)futures. Moreover, the brand new contract will adhere to the identical itemizing cycle noticed for CME Group’s Bitcoin futures contract and Ether futures contract.

Learn extra on Cointelegraph