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CME Group to Launch Cardano, Chainlink, and Stellar Crypto Futures on February 9
Yahoo Finance· 2026-01-16 05:27
Core Viewpoint - CME Group is set to launch futures contracts for Cardano (ADA), Chainlink (LINK), and Stellar (XLM), pending regulatory approval, which will enhance institutional access to these altcoins [1][5]. Group 1: Product Details - The new futures contracts will be available in both standard and micro contract sizes, catering to institutional clients and retail traders [2]. - Standard contracts will consist of 100,000 ADA, 5,000 LINK, or 250,000 XLM, while micro contracts will include 10,000 ADA, 250 LINK, or 12,500 XLM, allowing for lower financial commitment [3]. - The expansion of the crypto product suite aims to provide capital efficiency and versatility for trading strategies [3]. Group 2: Market Context - The introduction of these futures contracts comes in response to increasing demand for regulated cryptocurrency investments, with CME Group reporting a 139% increase in average daily volume of crypto derivatives to 278,000 contracts in 2025, amounting to a notional value of $12 billion [4]. - CME Group's offerings now include futures and options for Bitcoin (BTC), Ethereum (ETH), XRP, and Solana, reflecting a comprehensive approach to regulated crypto products [5]. Group 3: Market Reaction - Following the announcement, the prices of ADA, LINK, and XLM showed minimal changes, with ADA down 2.2% to $0.39, XLM down 1.1% to $0.22, and LINK down 0.49% to $13.7 [6][7]. - The overall market capitalization experienced a nearly 1% decline during the same period, indicating subdued market performance despite the introduction of new products [7].
CME Group to Launch Cardano, Chainlink, Stellar Futures on Feb 9
Yahoo Finance· 2026-01-15 16:23
Group 1 - CME Group plans to launch futures contracts for Cardano, Chainlink, and Stellar on February 9, pending regulatory review [1] - The new products will include standard contracts of 100,000 ADA, 5,000 LINK, and 250,000 XLM, as well as micro contracts at one-tenth the size [1] - Futures allow traders to speculate on future prices without holding the actual tokens, providing institutional investors a compliant way to gain exposure [2] Group 2 - CME's cryptocurrency business experienced 139% year-over-year growth in 2025, with an average daily volume of 278,300 contracts worth $12 billion [3] - The February launch continues CME's expansion into alternative cryptocurrencies beyond Bitcoin and Ethereum, following the launches of Solana and XRP futures [4] - All three tokens (Cardano, Chainlink, and Stellar) have shown elevated trading activity, with Cardano recording $703 million in 24-hour volume on January 15 [5] Group 3 - The launch of Chainlink futures coincides with Bitwise's launch of a Chainlink ETF on January 14, which competes with Grayscale's existing product [6] - Cardano is developing its ecosystem by ratifying a governance proposal to introduce more stablecoins through a 70 million ADA community fund [6]