CME Group to Launch Market-Cap Weighted Crypto Index Futures with Micro Contracts
CME Group will launch Nasdaq CME Crypto Index futures on June 8, offering micro and standard contracts on a market-cap weighted basket of bitcoin, ether, SOL, XRP, ADA, LINK and lumens. Interactive Brokers expanded its prediction-market offerings with new event-driven contracts on CME, potentially boosting volumes and fee revenue.
1. Interactive Brokers Expands Prediction Market Offerings
Interactive Brokers has broadened its suite of event-driven and prediction-market derivatives available through CME’s platforms, enabling clients to trade new contract types tied to real-world outcomes. This expansion is expected to deepen liquidity and elevate transaction volumes in CME’s event-driven markets, enhancing potential fee income.
2. CME Group to Launch Nasdaq CME Crypto Index Futures
Scheduled to begin trading on June 8 pending regulatory review, Nasdaq CME Crypto Index futures will mark CME’s first market-cap weighted cryptocurrency futures offering, available in micro-sized and larger contract formats. These financially-settled contracts reference an index of the seven largest cryptocurrencies and aim to provide capital efficiency, transparent risk management and meet rising client demand, with average daily volume in CME’s crypto futures suite up 43% year-to-date.