Bitcoin Cash and Uniswap Explode by Double Digits as CME Announces Futures Launch
CME Group will launch Bitcoin Cash (BCH) and Uniswap (UNI) futures on October 19, pending regulatory review, the exchange announced on Tuesday, and BCH climbed from $270 to $328 on Binance within 90 minutes of the 8:30 a.m. ET release.
It kept surging in the following hours to $340, while UNI is currently up by 15% to over $10. Each asset gets a full-size and a Micro contract: 250 BCH and 25 BCH for Bitcoin Cash, 10,000 UNI and 1,000 UNI for Uniswap.
The contracts join a single-asset lineup that already covers Bitcoin (BTC), Ether, XRP, Solana, Cardano, Chainlink, Stellar, Avalanche and Sui, and will trade on Globex, where CME began around-the-clock crypto trading on May 29.
“As crypto markets continue to mature, participants require broader, regulated tools to navigate evolving digital asset related price risk,” said Giovanni Vicioso, Global Head of Cryptocurrency Products at CME Group, adding that the contracts give clients exposure to “key crypto networks within our 24/7, regulated marketplace.” BCH Jumps 28%, UNI Spikes BCH is among the top performers on a 24-hour scale today, surging by 28% to a multi-month peak of $340.
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