CME Group to Launch Cardano, Chainlink, and Stellar Futures
- CME Group will introduce futures for Cardano (ADA), Chainlink (LINK), and Stellar (XLM) on February 9.
- The new contracts will be available in standard and micro sizes, pending regulatory approval.
- Standard contracts include sizes of up to 100,000 ADA, while micro contracts start at just a fraction of that amount.
- As of the latest data, ADA was trading at $0.398, LINK at $13.91, and XLM at $0.231.
- CME’s crypto derivatives suite already includes Bitcoin and Ethereum futures among others.
The expansion into ADA, LINK, and XLM futures by CME Group reflects growing demand for regulated cryptocurrency products amid significant market growth over the past year. This move builds on CME’s established presence in crypto derivatives markets following its early adoption of Bitcoin futures in December of a previous year.
By adding these new futures contracts, CME Group aims to provide more options for managing price risk in the evolving cryptocurrency landscape. (Source)
