CME Group is set to expand its cryptocurrency derivatives offering amid surging institutional and retail demand for regulated digital asset products.
Specifically, CME Group will launch futures contracts linked to Cardano, Chainlink and Stellar.
The products are scheduled to launch on 9 February, subject to regulatory approval, and will be available in both standard and micro-sized contracts.
Cardano futures will be offered in contract sizes of 100,000 ADA and 10,000 ADA, Chainlink futures at 5,000 LINK and 250 LINK, and Stellar futures at 250,000 and 12,500 lumens.
Giovanni Vicioso, global head of cryptocurrency products at CME Group, said demand for regulated instruments to manage price risk and gain exposure to digital assets had increased over the past year.
“Given crypto’s record growth over the last year, clients are looking for trusted, regulated products to manage price risk as well as additional tools to gain exposure to this dynamic market,” Vicioso said.
“With these new micro, and larger-size contracts, market participants will have greater choice, flexibility and capital efficiency.”
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The new contracts complement CME Group’s existing cryptocurrency suite, which includes futures and options linked to Bitcoin, Ether, XRP and Solana.
The new offering has also garnered support from various market participants, including Wedbush Securities, NinjaTrader and Volatility Shares.