On the night of February 8, the Chicago Mercantile Exchange (CME) launched Ethereum futures trading. Price data for the instrument is provided by crypto exchanges Bitstamp, Coinbase, Gemini, itBit, and Kraken. On the eve of the start of trading, quotations of the largest altcoin by capitalization fell to $ 1490, after which they began to grow. As of 09:30 Moscow time, futures for the asset are valued at $ 1,635, according to RBC Crypto.
CME announced the addition of the contract in December 2020. The company cited the growing demand for crypto derivatives as the reason for the launch of the tool. JPmorgan analysts warned that this could lead to negative Ethereum price action.
For the first time, futures for a cryptocurrency – bitcoin – appeared on the Chicago Mercantile Exchange in December 2017, the day after the price of bitcoin first reached $ 20,000. Then the BTC rate entered a phase of long-term decline.
On February 5, Ethereum set an all-time high of $ 1,760. Since the beginning of the year, the cost of the cryptocurrency has risen by almost 139%.
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