Micro Ether Futures: Hedge NFTs Using Ethereum Futures
As the popularity of cryptocurrency trading increases, so have the number of futures crypto product offerings. Micro Ether futures from the CME Group allow traders to go long, but also easily take short positions on this popular cryptocurrency, and with no uptick rule or short-selling restrictions.
At just 1/10 the size of one Ether, Micro Ether futures provides traders the opportunity to trade Ether at a fraction of the cost on a regulated exchange where everyone sees the same price at the same time.
In addition, trading Ether gives traders the unique ability to hedge Non-fungible tokens or NFTs in the Ethereum futures market. NFTs are anything that is unique and digital that can’t be replicated or replaced, like autographs, art or music. Many NFTs are part of the Ethereum blockchain and are linked because they share the same technology that makes them different.
Watch NinjaTrader’s Tom Schneider and special guest Anthony Crudele explore how you can use Micro Ether futures to hedge NFTs in an episode of “Benefits of Futures”.
Topics discussed include:
- How to hedge NFTs using Micro Ether futures (MET)
- What are NFTs?
- Examples of how people use NFTs
- What is Ether cryptocurrency?
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