CME Group to Launch UNI and BCH Futures on October 19

CME Group's latest announcement has sent shockwaves through the crypto market. The company plans to launch Uniswap (UNI) and Bitcoin Cash (BCH) futures on October 19, subject to regulatory review.

The contracts will expand CME's growing lineup of single-asset cryptocurrency futures. Traders will have access to standard and Micro contracts for both assets, with BCH futures representing 250 BCH and UNI futures representing 10,000 UNI. Micro contracts will cover 25 BCH and 1,000 UNI respectively.

Giovanni Vicioso, CME Group's global head of cryptocurrency products, stated that the new contracts will give market participants more flexibility to manage digital asset risk. The expansion follows demand for regulated tools to manage cryptocurrency price exposure.