CME Group Plans to Expand Crypto Derivatives With ADA, LINK, and XLM Futures in February

• CME Group has planned expand crypto derivatives with ADA, LINK, and XLM futures contracts, pending final regulatory approval.
• Last year, CME’s crypto derivatives market saw record growth, with average daily volume surging 139%. 
• Altcoin prices declined modestly, with no notable upside.

CME Group has planned to introduce futures contracts based on Cardano(ADA), Chainlink(LINK), and Stellar(XLM)  on February 9th; the final regulatory approval is pending, which shows that institutional access to major altcoins is growing, as regulated crypto interest is also accelerating.

As per the official announcement, the ADA, LINK, and XLM tokens are included in the CME’s group new lineup. These products will be traded on CME’s regulated futures platform and settled in cash. These new altcoins are followed by the earlier introduction of CME XRP and Solana futures. 

Where the market players will be able to select between larger and micro-sized futures contracts, providing more flexibility in the size of positions and handling risk, also the available products include ADA futures (100,000 ADA) and Micro ADA futures (10,000 ADA), LINK futures (5,000 LINK) and Micro LINK futures (250 LINK), as well as Lumens futures (250,000 XLM) and Micro Lumens futures (12,500 XLM). 

Regulated Crypto Demand Grows

The most recent annual report of CME Group shows a substantial rise in interest in regulated cryptocurrency products, highlighting the launch of new altcoin derivatives in response to growing demand. 

The average daily volume (ADV) of cryptocurrency futures increased by over 139% year over year, reaching 278,000 contracts with a notional value of almost $12 billion, according to the research, and this was an all-time high for CME’s crypto derivatives division.

Market Reaction Amid New Launch

All 3 altcoins are major ones, where ADA is ranked in 10th position in CMC data, with a market cap of $14 billion. It is currently trading at $0.3908, with 3.22% down in the last 24 hours.

While LINK is ranked in 13th position with a market cap of $9 billion, it is trading at $13.72, with 1.98% down. Then, XLM stands at 16th position with a $7 billion market cap and trades at $0.2234 with 2.55℅ down, due to wider market uncertainty.

As a whole, the crypto market didn’t react and produce any momentum, but the CME Group’s plan to launch ADA, XLM, and LINK futures markets shows the increasing demand for crypto market derivatives.

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