Hassan Maishera
TL;DR
-
CME Group will roll out futures contracts for Cardano, Chainlink, and Stellar.
-
This comes amid increasing demand for regulated altcoin risk-management tools.
CME Group to Launch ADA, LINK, and XLM Futures
CME Group, the world's largest derivatives exchange, has announced plans to roll out futures contracts tied to Cardano, Chainlink, and Stellar.
This latest development indicates a growing investor demand for regulated altcoin risk-management tools.
The new contracts will go live on February 9 once they obtain regulatory approval. The contracts will offer micro and standard sizes to suit both retail and institutional traders.
CME revealed that Cardano futures contracts will carry 100,000 tokens in the standard version and 10,000 tokens in the micro version. Chainlink futures are sized at 5,000 tokens for standard contracts and 250 tokens for micros, while Stellar futures will comprise 250,000 tokens in standard contracts and 12,500 tokens in micros.
While commenting on the launch, Giovanni Vicioso, CME Group Global Head of Cryptocurrency Products, stated that,
"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. With these new micro- and larger-size Cardano, Chainlink, and Stellar futures contracts, market participants will now have greater choice with enhanced flexibility and more capital-efficiencies."
CME’s launch of these contracts indicates strong institutional confidence in their spot pricing integrity.
ADA is the tenth-largest cryptocurrency by market cap, and is currently trading at $0.39 per coin.LINK has a market cap of $9.7 billion and is trading at $13.81, while Stellar's XLM token has a market cap of $7.38 billion.
