3 days after the launch of the Ether futures by the Chicago Mercantile Group we may say that the issue has been a success!
As reported by Cointelegraph, each Ethereum futures contract represents 50 Ether and for the moment the exchange imposes a minimum trade of five contracts, for a total value of over $450,000.
According to the CME official website, on the first day of the futures issue (February, 8th), 388 contracts were traded: 303 contracts to speculate on the February price, 84 contracts expiring in March, and one expiring in April. On February 9th, 265 contracts were exchanged, and on February 10th, 328 futures contract were traded.
The futures volumes have been quite high and the price remained stable. So good news for Ethereum HODLers from the CME futures side!
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