🔥 BitDegree partnered with Ogvio - a free international money transfer service! Sign up now & grab Rewards! 🎁

CME Expands Altcoin Futures With ADA, LINK, and XLM Launch

Key Takeaways

  • CME Group will introduce futures for Cardano, Chainlink, and Stellar on February 9, pending approval;
  • The new contracts expand CME’s crypto lineup, which already includes Bitcoin, Ethereum, XRP, and Solana;
  • Smaller “micro” contract options aim to make regulated crypto futures more accessible to retail traders.

Stop overpaying - start transferring money with Ogvio. Sign up, invite friends & grab Rewards now! 🎁

CME Expands Altcoin Futures With ADA, LINK, and XLM Launch

CME Group, a derivatives exchange based in Chicago, plans to expand its cryptocurrency products by adding futures contracts for Cardano ADA $0.3915 , Chainlink LINK $13.73 , and Stellar XLM $0.2255 .

The company announced that these contracts are expected to go live on February 9, pending regulatory approval.

Once approved, the new listings will join CME’s existing lineup of crypto futures and options already linked to Bitcoin BTC $95,291.48 , Ethereum ETH $3,298.64 , XRP XRP $2.06 , and Solana SOL $143.04 .

What Is Chia? | Crypto Finally Explained

Did you know?

Want to get smarter & wealthier with crypto?

Subscribe - We publish new crypto explainer videos every week!

CME said its goal is to meet the growing demand for regulated crypto investments, especially among traders seeking exposure to digital assets without holding the tokens directly.

Futures contracts allow investors to speculate on price changes or manage risk without having to store the underlying cryptocurrency.

Both standard and smaller “micro” contracts will be available for each asset. The proposed sizes range from 10,000 to 100,000 ADA, 250 to 5,000 LINK, and 12,500 to 250,000 XLM.

Offering smaller contract sizes can make these products more accessible to individual traders, depending on broker support.

According to Martin Franchi, CEO of NinjaTrader, cryptocurrencies are becoming a regular part of investor portfolios. He said the new CME listings show the demand for regulated crypto futures and more product options for traders.

Recently, Old Glory Bank and Digital Asset Acquisition Corporation (DAAQ) agreed to merge and form a new publicly traded business called OGB Financial Company. What did the companies say? Read the full story.

Aaron S. Editor-In-Chief
Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.
With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.
Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.
Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.

Loading...
binance
×
Verified

ZERO FEES

For Ogvio Money Transfers
Rating
5.0