CME to launch regulated Uniswap futures on October 19
CME Group announced that it will list futures contracts on Uniswap (UNI) on Monday, October 19. The exchange will offer a standard contract of 10,000 UNI and a micro contract of 1,000 UNI, both settled in cash on the CME Globex platform. The launch is pending regulatory review and is aimed at institutional investors such as funds and trading houses. Uniswap’s spot price was around $7.49 on October 16 and fell to about $7.33 on October 17, while its total value locked slipped from $4.03 billion to $3.91 billion.
Why it matters
The CME listing gives institutional players a regulated way to gain exposure to UNI, which could increase hedging and arbitrage activity and influence the token’s spot price (the company notes the potential impact on spot through hedging and arbitrage).
Key facts
- 1CME will list UNI futures on Monday, October 19. cryptoticker.io
- 2The standard contract size is 10,000 UNI and the micro contract size is 1,000 UNI. cryptoticker.io
- 3Uniswap was trading at $7.49 on October 16. cryptoticker.io
- 4Uniswap was trading near $7.33 on October 17. tradingview.com
- 5Open interest in UNI derivatives across five exchanges totals $185.6 million. cryptoticker.io
- 6Uniswap’s total value locked fell from $4.03 billion to $3.91 billion over the past two weeks. tradingview.com
Summary written by AlphAI AI Desk from 2 of 2 sources. Not investment advice. Figures are as stated by the linked sources.