CME Group Launches Nasdaq CME Cryptocurrency Index Futures

TechFlow News, June 10: According to a PR Newswire report, CME Group announced the launch of Nasdaq CME Crypto Index Futures. These contracts will be cash-settled at expiration based on the index value of the Nasdaq CME Crypto Settlement Price Index. As stated in the announcement, as of June 9, the index includes Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), SOL, XRP, ADA, LINK, and Lumens (XLM).

CME Group stated that this product is designed to provide investors with regulated exposure to crypto assets and can be used for risk hedging or gaining broader exposure to the cryptocurrency market. The futures are listed on CME and subject to its rules.