Euro-denominated Bitcoin futures will bolster institutional adoption: CME Director

CME has already doubled its average daily Bitcoin trading volume since last year, its executive director told Cointelegraph in an exclusive interview.

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The upcoming launch of euro-denominated Bitcoin and Ether futures products could bolster institutional cryptocurrency adoption in the Eurozone, Giovanni Vicioso, the executive director of equity and alternative products at CME Group, told Cointelegraph in an exclusive interview.

Giovanni added that CME’s upcoming euro-denominated futures products also received interest from macro hedge funds, small asset managers, and long-term crypto investors.

CME is the world’s leading derivatives marketplace and encompasses four exchanges. The firm is preparing to expand its cryptocurrency derivatives products, adding euro-denominated Micro Bitcoin and Micro Ether futures products, set to launch on March 18.

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