{"id":5814,"date":"2018-05-20T00:00:00","date_gmt":"2018-05-20T00:00:00","guid":{"rendered":"https:\/\/crypto-economy.com\/2018\/05\/20\/cme-launches-index-for-ethereum-setting-off-speculations-on-futures\/"},"modified":"2018-05-20T00:00:00","modified_gmt":"2018-05-20T00:00:00","slug":"cme-launches-index-for-ethereum-setting-off-speculations-on-futures","status":"publish","type":"post","link":"https:\/\/crypto-economy.com\/cme-launches-index-for-ethereum-setting-off-speculations-on-futures\/","title":{"rendered":"CME Launches Index for Ethereum Setting Off Speculations On Futures"},"content":{"rendered":"
CME this Monday, May 14, 2018 launched indexes for tracking Ethereum, the second most capitalized coin causing industry watchers to speculate that the futures exchange is about launching Ethereum futures soon. But the exchange said that there was no plans for that, at least in the meantime.<\/p>\n
The pattern of the indexes though is similar to that of Bitcoin which the exchange announced before launching Bitcoin futures last December. \u201cThe focus right now is on the index itself,” said Tim McCourt<\/strong>, managing director and global head of equity products and alternative investments at the company.<\/p>\n The two indexes, CME CF Ether-Dollar Reference Rate<\/strong> which prints a daily price at 4 p.m. London time (11 a.m. ET), and the CME CF Ether-Dollar Real-Time<\/strong> Index. These are calculated by UK-based exchange Crypto Facilities<\/strong> based on transaction data from two, Kraken and Bitstamp.<\/strong><\/p>\n Brian Quintenz<\/strong>, speaking at the Consensus Conference on Monday said that Ethereum futures is something a number of commodity exchanges are looking forward to. In his delivery, he said “[This is] something that a few exchanges have expressed interest in listing derivatives on\u201d he added that any decisions that have to do with the listing has to be done after careful considerations.<\/p>\n Bitcoin futures were initially sluggish but has spiked in April. The month has more than 10,000 contracts which is a record high volume, while composite volume was 5000 about a tenth of the WTI crude futures volume.<\/p>\n <\/p>\n