cryptoticker.io
The leading CME group announced on Nov 02 that it’s launching Ethereum Futures by Dec 06 (still subject to regulatory approval), marking it the first time a cryptocurrency is about to get “micro futures” in a lesser denomination than its typical base unit. In this case, Ether itself. The micro Ethereum Futures would be sized at 1/10 of one Ether, according to the official release. This would allow market participants of various sizes and risk appetites to benefit from the leading smart contracts platform in the world.
Ether price has responded favorably to the news with the world’s second-largest cryptocurrency now changing hands at $4545 and establishing a new all-time high. It’s now up around 5.1% in the past 24 hours and appears to be in the price discovery mode after a long consolidation. The stars are finally aligning up for Ethereum as fundamentals get better over time and the infrastructure is developed further.
