Cumberland and XBTO are proud to trade the first block of CME ETH/BTC future. The ETH/BTC cross has been the topic of many conversations between market participants for years. It defines how the market thinks about alts vs Bitcoin and DeFi vs store of value. This contract allows institutional market participants to express these views without worrying about custody nor margin on unregulated exchanges. This is yet another step forward in the maturation of the crypto derivatives market - becoming more sophisticated in structure, thereby fulfilling a need of its user base.
Cumberland is happy to be at the forefront of supporting the development and liquidity of these products.
Please contact your Cumberland Relationship Manager (or email email@example.com) if you are interested in trading this product.