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CME and Nasdaq aim to simplify crypto trading with a new index-based futures product.
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CME Group and Nasdaq are launching crypto index futures, with trading scheduled to begin on June 8 pending regulatory approval. The Nasdaq CME Crypto Index futures will be CME’s first market-cap weighted futures contract in digital assets.
Rather than buying individual Bitcoin or Ether futures, institutional investors will be able to trade a single contract that tracks the seven largest crypto assets by market capitalization. The basket currently includes Bitcoin, Ether, XRP, Solana, Cardano, Chainlink, and Stellar Lumens.
