Shortly
- CME Group adds ADA futures, LINK futures, and XLM in February.
- In the event that regulatory approval is granted, standard contracts and microcontracts may be included in this offering.
- CME has expanded its crypto derivatives product suite.
CME Group will be adding to its financial derivatives market. Cardano, ChainlinkThen, Stellar Futures contracts will be added to the crypto offering on February 9.
In a statement, the firm stated that regulatory approval was still pending on new ADA and LINK contracts. press release Thursday. There will be contracts in micro and standard sizes available for each of the three cryptocurrencies. These include 100,000 ADA for micro, 10,000 LINK for micro and 255,000 XLM.
“Given crypto’s record growth over the last year, clients are looking for trusted, regulated products to manage price risk,” Giovanni Vicioso is CME Group’s Global Head of Crypto Products.
ADA traded at $0.398 as of the writing. This is after a 5% drop in price over the previous day. LINK, on the other hand, has dropped 3% in price since yesterday, and recently traded for $13.91. Stellar’s XLM, meanwhile, was currently trading at $0.231 following a 4.5% loss over the last 24 hours.
CME is a pioneer in the Bitcoin futures market. It was among the first exchanges to provide Bitcoin futures contracts in December 2017. CME already offers a crypto menu. Bitcoin, Ethereum, SolanaThen, XRP Futures options and futures.
CME CF Cryptocurrency benchmarks are also maintained by the firm. These indices and reference rates serve to standardize data. Arbitrum was recently added to CME’s benchmarks. However, there is no news yet about CME developing futures contracts.
In 2025, the trading volume of crypto futures and options will be at a new record high. The average daily volume of crypto contracts was 278 300, which is equivalent to $12 billion notional value. Average open interest was a record 313,900, which is the equivalent of notional $26.4 billion.
“As one of the world’s largest traders of crypto futures, Volatility Shares is excited to see more regulated financial products available for trading and risk management,” In a press release, Justin Young, CEO of Volatility Shares and its co-founder, stated that.
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![Cardano [ADA] price prediction - 8% rally next, but here's](https://itsdailycrypto.com/wp-content/uploads/2024/03/adaada.jpeg "CME to begin trading in Chainlink, Cardano, and Stellar futures next month")
