CME Group, one of the world’s largest derivatives exchanges, has announced a new index futures product for the cryptocurrency market.
The company announced that it will launch the Nasdaq CME Crypto Index Futures product on June 8, provided it receives regulatory approval.
The new product will be CME Group’s first market capitalization-weighted futures contract. Available in micro and standard sizes, it will provide investors with access to the vast cryptocurrency market through a single financially settled futures contract. The index currently includes Bitcoin, Ethereum, Solana, XRP, Cardano, Chainlink and Stellar.
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Giovanni Vicioso, global head of cryptocurrency products at CME Group, said the new product will provide investors with access to the crypto market in a regulated and cost-effective manner. Vicioso noted that demand for the company’s crypto futures products continues to grow, with average daily trading volume increasing 43% year-to-date.
Sean Wasserman, head of index product management at Nasdaq, said investors now need reliable indicators that reflect broader market performance, not just individual cryptocurrencies. Wasserman argued that the Nasdaq CME Crypto Index was developed to meet this need and that trading index futures is a natural step in market development.
*This does not constitute investment advice.
