CME explains why it waited three years for ETH futures

The Chicago Mercantile Exchange, or CME, recently announced plans to add (ETH) futures to its offering — three years after launching (BTC) futures. Market development has impacted the exchange's decision to branch out.

“Since we launched the CME CF Ether-Dollar Reference Rate and Real-Time Index in 2018, there has been significant growth in ether transactions, and increased client demand for tools to manage price risk,” a CME representative told Cointelegraph.