CME Group to Launch Futures for Cardano, Chainlink, and Stellar

CME Group, the world's largest derivatives marketplace, has announced plans to introduce regulated futures contracts for Cardano (ADA), Chainlink (LINK), and Stellar Lumens (XLM) on February 9, pending regulatory review. This move marks a significant expansion of CME's cryptocurrency offerings, which already include Bitcoin and Ether futures.The new contracts will be available in both standard and micro sizes. ADA futures will be offered in 100,000 ADA contracts and Micro ADA in 10,000 ADA contracts. Similarly, LINK futures will be available in 5,000 LINK contracts, with Micro LINK at 250 LINK. Stellar futures will see contracts of 250,000 Lumens, along with Micro Lumens at 12,500 Lumens."Given crypto's record growth over the last year, clients are looking for trusted, regulated products to manage price risk as well as additional tools to gain exposure to this dynamic market," said Giovanni Vicioso, CME Group's Global Head of Cryptocurrency Products. He emphasized the greater choice and enhanced flexibility these new products provide to both retail and institutional clients.To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io