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CME Group expands crypto derivatives, adding Cardano and Chainlink

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JOON HYOUNG LEE
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Summary

  • CME Group said it will launch three crypto-derivatives products—Cardano (ADA), Chainlink (LINK) and Stellar (XLM)—on the 9th of next month.
  • CME Group said the products are pending regulatory approval and indicated it could gradually expand its suite of crypto derivatives.
  • CME Group said last year’s crypto-derivatives trading volume reached about $12 billion, a record high, and noted it has rolled out Solana (SOL)- and XRP-based derivatives as well as 24-hour trading for crypto derivatives.
Photo=Shutterstock
Photo=Shutterstock

CME Group, the operator of the Chicago Mercantile Exchange in the U.S., will launch new cryptocurrency derivatives tied to Cardano (ADA) and Chainlink (LINK).

On the 15th (local time), CME Group said it will roll out three crypto-derivatives products—Cardano, Chainlink and Stellar (XLM)—on the 9th of next month. The group said the products are “pending regulatory approval.”

CME Group also signaled it could gradually expand its lineup of crypto derivatives. Giovanni Vicioso, CME Group’s global head of cryptocurrency products, said the crypto market posted record growth last year and that clients are seeking additional products that allow them to manage price risk while investing in a dynamic market.

CME Group’s crypto-derivatives trading volume last year totaled about $12 billion, a record high. Against that backdrop, the group last month launched new derivatives tied to Solana (SOL) and XRP. It also introduced 24-hour trading for crypto derivatives starting this year.

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JOON HYOUNG LEE

gilson@bloomingbit.ioCrypto Journalist based in Seoul
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