CME Group reports first trades for new Cardano, Chainlink and Stellar crypto futures
International derivatives marketplace CME Group announced its new Cardano (ADA), Chainlink (LINK) and Stellar (Lumens) futures began trading Monday, February 9.
The first trades for LINK futures and Lumens (XLM) futures were executed between FalconX and Marex, and the first trade for ADA futures was executed between Cumberland DRW and Wintermute.
“The early support we’ve seen for these contracts underscores growing client demand for trusted, regulated products to manage price risk and exposure in this dynamic market,” said Giovanni Vicioso, Global Head of Cryptocurrency Products at CME Group. “The addition of these futures, available in both micro- and larger-sized contracts provide investors with the flexible, capital-efficient tools they need to support their cryptocurrency investment and hedging strategies.”
“Being first to trade CME Group’s new Lumens (XLM) and LINK futures reinforces our focus on building institutional access to the next wave of crypto assets,” said Harry Benchimol, Co-Head of Derivatives Engine at Marex Solutions. “As a listed, investment-grade firm operating across both traditional and digital markets, Marex is uniquely positioned to bring these products to institutional clients at scale. While the institutional crypto market continues to broaden, these CME Group contracts expand the regulated futures toolkit to express views and manage risk across an expanding set of crypto assets. We’re excited to help drive that next phase.”
“The expansion of CME Group’s regulated derivatives suite to include Cardano, Chainlink and Stellar futures provides a richer surface of opportunities for liquid crypto funds to trade spreads and long-short pairs,” said Joshua Lim, Global Co-head of Markets, FalconX. “Asset selection has become increasingly important in our industry, and FalconX supports liquidity across all these new altcoin instruments.”
