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CME Group to launch Nasdaq crypto index futures on June 8


CME Group to launch Nasdaq crypto index futures on June 8

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CME Group and Nasdaq plan to launch the industry’s first market-cap weighted crypto futures on June 8, offering institutional traders regulated exposure to major cryptocurrencies pending regulatory review. The new futures product could expand institutional adoption, increase liquidity and improve price discovery and risk management in the crypto derivatives market.

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The CME group has announced plans to partner with Nasdaq to launch the firm’s first weighted crypto futures by market cap on June 8. This new product is intended to give its institutional traders exposure to the major cryptocurrencies, subject to regulatory review. The exchange announced that the crypto futures, will be available in both...
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