Derivatives marketplace Chicago Mercantile Exchange Group has reportedly rolled out trading for Bitcoin euro and Ether euro futures contracts.

Specifically, CME Group reportedly revealed its finalized decision of introducing contracts for euro-denominated Bitcoin (BTC) and Ether (ETH) futures sized at 5 BTC and 50 ETH per contract. 

The listing of both contracts will be on CME are going to be completed, cash-settled and dependent on the CME CF Bitcoin-Euro Reference Rate and CME CF Ether-Euro Reference Rate, respectively.

“Our new Bitcoin Euro and Ether Euro futures will provide institutional clients, both within and outside the U.S., with more precise and regulated tools to trade and hedge exposure to the two largest cryptocurrencies by market cap,” CME Group global head of equity and FX products Tim McCourt further remarked. 

Initially disclosed on Aug. 4, the euro-denominated ETH futures represent investment vehicles introduced before the Merge where the Ethereum blockchain transitions to proof-of-stake – with expected timeline falling between Sept. 10 and 20. 

EU-based nations, the Middle East and Africa reportedly accounted for 28% of all trading for BTC and ETH futures contracts.

CME Group reportedly introduced its first BTC futures contract in December around half a decade ago, followed by an ETH futures contract in February last year. In 2022, the derivatives exchange widened the scope of its service to cover crypto investment instruments to include micro BTC and ETH futures. 

The release of euro-denominated BTC and ETH futures reportedly surfaced during the time the euro remained at parity with the U.S. dollar — at the time of publication, 1 euro is worth roughly $1.

The price of ETH is $1,509 at the time of publication, having experienced an over 3% surge in the past 24 hours. The BTC price plummeted under the $20,000 benchmark on Sunday, standing at a 20-month low, but since rose 2% to reach $20,342.