CME has added something new again today 👀
October 19
CME officially launched futures for
$BCH and
$UNI Available to trade 24 hours a day on Globex
The reaction was stronger than I expected
Within 90 minutes of the BCH news breaking,
its price jumped from $270 to $328
and even briefly touched $340
UNI also rose by more than 15%,
pushing straight above $10
The contract sizes are substantial, too
Standard BCH contracts are for 250 coins, and micro contracts for 25
Standard UNI contracts are for 10,000 coins, and micro contracts for 1,000
CME's list of single-coin futures now includes
familiar names like BTC, ETH, XRP, and SOL,
plus two new members
I don't think the key point is this latest price surge
It's expectations that are rising, and the news is driving the excitement
What really matters is what happens after launch:
Will trading volume and open interest stick around?
If not, it's just a one-day fireworks show
If they do, that shows institutions really want to use these for hedging and portfolio allocation
These are brand-new instruments,
so don't rush to chase them
There's no harm in waiting for the first wave of excitement to pass
What do you think about this move in BCH and UNI?
Real demand, or just a news-driven rally?
#CME #Derivatives
Not investment advice. DYOR. Trading involves risk.