The future of ETH of CME saw a lawsuit or 388 contracts negotiated on the opening day. That is approximately a total of 19,400 eth or approx. $ 33 million. Each monthly contract representative 50 eth.
Similar to CEM Bitcoin’s futures contract, the last CME cryptography offer is also cash. The launch repeats a significant milestone for Ethereum. The trade began on Sunday at 6:00 pm et, with a price based on the reference rate of a CME. Draw ETH price data from the main exchanges of coinbase cryptocurrencies, Bitstamp, Gemini, Itbit and Kraken.
Will the story be repeated?
Eth Price has more than tripled since the CME announced plans to list futures contracts last year in December. This pattern is similar to the increase in Bitcoin prices when the CME Exchange announced Bitcoin Futures listing in 2017.
In comparison, Bitcoin Futures attracts almost 1000 contracts that are negotiated on their first day of launch. The exchange introduced the duration of Bitcoin’s futures The Crypto Bull Run 2017 peak. However, a subferent price accident decreased the negotiation volume. This led many institutional investors who were expected to trade in the Bitcoin futures market to lose interest.
The volumes have an answer now. According to CME reports, the average daily volume of Bitcoins futures in CME reaches 11,179 contracts in December 2020. This was in the midst of a growing interest of institutional investors.
The regulatory and liquuidity advantage of CME offers large institutional merchants and investors a degree of comfort that is absent in the new cryptographic exchanges.
Given the wide range of CME of the future participants of Bitcoin and their position as the main exchange of the world for the future of futures, the future eth should soon gain traction as an easy way to access the second long column and diversify.
