CME Group Enters Cryptocurrency Market with New Futures Contracts

CME Group has made a major move into the cryptocurrency market with the launch of Nasdaq CME Crypto Index futures. These contracts allow investors to hedge their risk or pursue broad-based crypto opportunities, providing a cost-efficient tool for doing so.

The contracts are settled to the value of the Nasdaq CME Crypto Settlement Price Index, which includes seven major cryptocurrencies: bitcoin, bitcoin cash, ether, SOL, XRP, ADA, and LINK. This move marks a significant milestone in the expansion of CME's regulated digital asset marketplace.