CME Group is set to expand its cryptocurrency derivatives offerings with the introduction of futures contracts linked to Chainlink's LINK token. This strategic move aims to provide market participants with new opportunities for managing price risk and gaining exposure to LINK, as stated in the official source.
Introduction of LINK Futures Contracts
The upcoming futures contracts will include both standard LINK futures and Micro LINK futures, with trading expected to commence on February 9, pending regulatory approval. This initiative allows investors to engage with LINK in a regulated environment, eliminating the need to hold the token directly.
Chainlink Joins CME Group's Digital Asset Derivatives
Chainlink now joins the ranks of other prominent cryptocurrencies such as Cardano and Stellar in CME Group's growing suite of digital asset derivatives. The exchange already offers futures and options for major cryptocurrencies, including:
- Bitcoin
- Ethereum
- XRP
- Solana
further solidifying its position in the evolving crypto market.
Recently, Chainlink (LINK) has shown stable trading patterns influenced by whale activity, contrasting with CME Group's upcoming introduction of LINK futures. For more details, see whale activity.
