Derivatives exchange CMEGroup plans to launch ether/bitcoin (ETH/BTC) ratio futures on July 31, if approved by regulators. HeleneBraunn reports
The futures will be cash-settled, meaning that cash exchanges hands at settlement instead of the underlying instrument. CME Group Ether futures final settlement price will be divided by the corresponding CME Group Bitcoin futures final settlement price to determine the value.
"Historically, ether and bitcoin have been highly correlated; however, as the two assets have grown over time, market dynamics may affect the performance of one more than the other, creating relative value trading opportunities," Giovanni Vicioso, CME Group global head of cryptocurrency products said in a statement.
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