$74,166.00
9.03%$2,601.25
7.89%$4.04
6.56%$589.02
6.23%$182.49
14.91%$0.998427
-0.20%$0.206422
26.93%$0.532894
5.43%$2,588.86
7.49%$0.162165
-0.32%$0.356454
7.96%$4.81
3.63%$0.00001932
11.43%$74,209.00
9.16%$3,002.52
5.22%$26.00
13.95%$2,604.63
8.05%$11.62
12.01%$365.94
10.76%$2.23
19.65%$1.002
0.14%$6.08
0.31%$69.23
4.76%$4.13
13.35%$8.02
17.17%$2,737.17
7.95%$9.06
11.15%$0.00000948
17.39%$7.89
11.53%$502.93
19.38%$1.33
17.35%$0.117049
11.69%$160.45
0.63%$19.17
7.85%$0.096383
5.57%$1.004
0.24%$19.35
2.28%$1.66
12.34%$0.318687
8.01%$1.017
1.79%$2.39
21.04%$38.72
3.69%$150.02
13.93%$3.56
7.72%$0.077365
9.01%$0.520181
8.86%$0.584761
5.66%$1.15
7.92%$1.51
10.52%$4.89
13.73%$4.63
8.47%$0.04906694
13.42%$18.92
14.16%$0.643631
16.65%$5.19
18.38%$4.38
10.65%$0.02129904
9.80%$1.17
5.83%$2,572.94
6.75%$0.375048
10.27%$0.00002164
18.83%$0.148019
11.57%$1.43
14.39%$2,886.64
7.22%$1.003
15.28%$0.00013744
14.45%$0.365497
11.87%$1.40
8.84%$2,722.71
7.92%$1.96
15.64%$1.17
12.84%$73,281.00
7.76%$8.80
4.99%$9.31
4.51%$0.386835
18.16%$6.31
11.98%$1,187.51
3.31%$0.119766
7.37%$0.679599
12.49%$50.18
9.84%$222.72
13.90%$74,096.00
8.22%$2,673.80
8.15%$14.71
11.94%$0.01956228
17.03%$1.053
10.28%$3.53
6.60%$0.091123
18.48%$2.70
0.49%$60.49
6.47%$0.01684778
10.84%$0.318006
7.85%$0.00000213
20.69%$1.24
16.36%$0.00000085
5.46%$0.875863
11.61%$0.525676
9.31%$0.992273
-0.79%$0.02027679
14.29%$74,100.00
8.82%$0.00906173
14.72%$2,610.56
8.46%$4.71
14.46%$0.36562
8.06%$9.51
3.20%$0.995219
-0.46%$1.015
11.08%$4.74
9.33%$0.797416
18.99%$0.122805
3.08%$72,918.00
7.22%$0.704119
49.76%$33.74
10.33%$0.07429
16.71%$73,648.00
8.40%$189.86
13.95%$9.68
8.01%$24.54
9.51%$2,744.74
0.36%$0.443436
7.44%$0.146476
13.04%$0.00003389
8.78%$0.01301643
6.40%$1.021
7.38%$0.00644541
11.83%$1.00
0.32%$0.643143
7.54%$0.969127
7.37%$2,614.94
8.54%$0.00147042
13.57%$0.00883848
19.43%$0.510343
11.82%$0.217762
8.60%$2,667.59
7.77%$0.716545
10.15%$0.249793
8.99%$38.46
3.68%$2.36
9.03%$1.29
17.39%$0.01260607
9.22%$217.46
5.35%$0.00816506
14.69%$16.60
10.34%$0.292663
9.44%$0.060193
9.69%$1.005
0.37%$2,750.15
0.41%$1.83
13.61%$2,598.32
7.88%$1.056
4.10%$0.078581
0.98%$2,828.48
8.32%$2.68
13.27%$1.39
10.23%$0.436598
15.67%$1.005
0.87%$0.00009079
8.29%$0.00000023
14.44%$1.70
6.71%$0.127952
10.01%$1.86
22.25%$8.01
9.24%$1.39
9.68%$0.976984
8.29%$0.06546
9.78%$0.00431375
25.42%$0.425662
23.34%$0.433132
20.19%$2,553.14
5.78%$0.00000042
-1.57%$0.212339
15.52%$73,705.00
8.49%$2,595.61
7.77%$183.45
14.45%$1.084
1.68%$0.054884
9.61%$0.995036
-0.26%$1.063
-0.37%$0.968877
4.13%$0.02655355
-0.73%$0.113788
8.79%$95.95
6.95%$22.71
6.89%$2,612.16
8.42%$43.35
5.04%$0.204878
26.35%$2,599.15
7.86%$0.129461
8.87%$0.03900574
6.65%$3.29
8.31%$0.00
10.61%$0.06999
17.14%$10.09
9.94%$0.985837
-1.55%$0.33002
10.63%$0.01185499
12.71%$0.052256
7.56%$7.07
11.10%$0.998988
-0.20%$3.19
17.11%$0.606635
10.45%$2,783.17
8.04%$0.18061
12.50%$0.00630057
12.89%$2,715.70
7.95%$0.664206
4.14%$0.761754
4.76%$0.605519
8.99%$3.10
16.47%$0.246519
7.88%$2,856.34
7.70%$1.28
10.21%$0.248665
9.72%$1.43
12.53%$0.298843
9.17%$3.61
14.31%$0.0036818
6.52%$73,828.00
8.88%$1,500.29
9.86%$0.00164008
11.49%$74,105.00
8.96%$0.294706
18.55%$2.41
3.85%$0.418636
9.66%$1.39
11.66%$73,927.00
8.72%$0.00055851
13.29%$2.21
17.74%$2,731.10
7.27%$0.02813007
2.12%$22.89
6.12%$0.00085718
24.39%$0.368952
-2.81%$0.01408366
8.91%$73,872.00
8.55%$0.308568
9.50%$2.76
4.81%$3.48
4.47%$0.478377
18.14%$16.71
10.44%$0.310754
10.57%$15.68
-0.31%$0.63599
5.84%$6,120.23
-2.38%$0.00442667
4.92%$2,858.74
4.35%$0.46219
24.27%$23.00
2.78%
Ethereum futures from Chicago Mercantile Exchange (CME) Group have finally arrived, and trading is off to a healthy start, with more than $30 million in futures contracts traded in the first 24 hours after launch.
CME ETH futures launched yesterday, February 9, adding the second largest crypto by market cap to the world’s largest and oldest futures exchange group, joining Bitcoin in an exclusive club of digital assets with strong enough foundations to find a place in traditional futures markets.
CME added Bitcoin futures in December 2017, the very same week BTC prices hit a previous bull run all-time high just shy of $20,000. Now, Ethereum futures are open for trading, with February and March futures trading at $1,769 and $1,804, respectively.
Futures contracts represent obligations to buy or sell an asset at a given price on a predetermined future date, and can be bought and sold like stock and other market-traded assets. That allows individuals or companies to bet that the market price will be higher or lower than the contract price at execution, allowing them to profit from the difference.
Futures contracts are also commonly used as hedging instruments; if a business knows they need to buy a specific amount of Ethereum at a given upcoming date, futures contracts are a good way to lock in a known price in advance.
CME Ethereum and Bitcoin futures are cash-settled instruments, meaning the difference between spot prices and executed contract prices are paid in cash, rather than any actual crypto changing hands.
On the first day of ETH trading, contract issuers generated approximately $20 million in open interest, a measure of contracts available to be bought and sold. Total volume reached above $30 million, as traders got their feet wet buying and selling ETH futures to try to determine the appropriate pricing.
CME is not the first to offer Ethereum futures trading, with exchanges like Binance, Deribit, OKEx and several others having added ETH futures trading since the 2017 bull market. But the CME launch marks a major milestone for Ethereum, offering institutional investors and risk-averse corporations a new path to exposure to the native asset of the largest decentralized development platform in crypto.
Disclaimer
The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.
