Eurex is set to expand its crypto derivatives portfolio with the launch of FTSE Ethereum index futures and options on 12 August.
The move builds upon the launch of FTSE Bitcoin index futures and options last year, falling in line with Eurex’s goal to offer secure access to cryptocurrencies in a regulated market environment.
Read more: Eurex becomes first European exchange to launch Bitcoin index futures
According to the exchange, there is significant trading and hedging demand from institutional and professional customers for Ethereum, as reflected in record trading volumes in derivatives and other investment products.
“We look forward to expanding our offering in crypto derivatives together with FTSE Russell and Digital Asset Research for our clients,” said Randolf Roth, member of the Eurex executive board.
“As one of the world’s leading CCPs Eurex offers trading on a regulated exchange and is therefore the right partner to enter the crypto space for institutional clients.”
The new options and futures are listed in EUR and USD, with the respective FTSE Ethereum index as the underlying. The contract size is equivalent to 10 Ether, which is approximately $35,000.
Both of the contracts are cash settled and expire on the last Friday of each month. Monthly and quarterly maturities will be available, alongside weekly expiring contracts for options.
“We are delighted to support the expansions of Eurex’s digital assets ecosystem with the offering of futures and options on the FTSE Ethereum index,” said Kristen Mierzwa, head of digital assets at FTSE Russell, an LSEG business.
“In association with the experts at Digital Asset Research we have established an industry standard for assessing underlying digital asset and exchange inclusion. We have applied this vetting methodology to offer indices reflective of the real investable market.”