Derivatives on Cryptocurrencies: Introduction of Nano Futures on FTSE Bitcoin Index and on FTSE Ethereum Index in USD 

1. Introduction

Effective 5 May 2025, Eurex Clearing AG will offer clearing services for Nano Futures contracts on FTSE Bitcoin index in USD and on FTSE Ethereum index in USD introduced at Eurex Deutschland. 
 
In this context, the following measures will apply effective 5 May 2025: 

• Amendments to the Price List of Eurex Clearing AG (Price List) regarding the introduction of Nano Futures contracts on FTSE Bitcoin index in USD and on FTSE Ethereum index in USD
• Amendment of the Product Specific Supplement “Equity 69 – Futures and Options on FTSE Crypto Index” for the new products (effective 5 May 2025) as outlined in Eurex Circular 034/25. 

The amendments will become effective as of 5 May 2025.
 
Please refer to Eurex Circular 034/25 for detailed trading-related information, including fee classification and the related amendments to the Rules and Regulations of Eurex Deutschland.

Production start: 5 May 2025

2. Required action 

There is no action required for participation.

3. Details of the initiative

A. Product overview

Please refer to the below table for the overview of Nano Futures contracts on FTSE Bitcoin and Ethereum indexes in USD.

B. Contract specifications

For the detailed contract specifications, please refer to Eurex Circular 034/25.

C. Product group

Please refer to the below table for the product group of Nano Futures contracts on FTSE Bitcoin and Ethereum indexes in USD.  

D. Transaction fees

The transaction and maintenance fees for the new products can be retrieved from the updated sections of the Price List, as outlined in the Attachment.

E. Risk parameters

Margins for the new products are calculated in Prisma. For the risk parameters of the new product, please refer to the Eurex Clearing website www.eurex.com/ec-en/ under the link:

Services > Risk parameters

F. Amendments to the legal framework of Eurex Clearing AG

To reflect these decisions in the legal framework of Eurex Clearing AG, the following provisions will be amended as outlined in the Attachment:

• Numbers 3.1, 3.3 and 3.4 of the Price List of Eurex Clearing AG

As of the effective date, the full versions of the amended Price List will be available for download on the Eurex Clearing website under the following link:

Rules & Regs > Eurex Clearing Rules and Regulations > 3. Price List
 

The amendments to the legal framework of Eurex Clearing AG published by this circular are deemed accepted by each affected contractual party of Eurex Clearing AG, unless the respective contractual party objects by written notice to Eurex Clearing AG prior to the relevant effective date(s) as stipulated in this circular. In case of an objection by the respective contractual party pursuant the preceding sentence, Eurex Clearing AG is entitled to terminate the respective contract (including 5a Clearing Agreement, if applicable). Instead of submitting an objection, the respective contractual party may submit in writing to Eurex Clearing AG comments to any amendments of the legal framework of Eurex Clearing AG within the first 10 (ten) Business Days after the publication of the amendments. Eurex Clearing AG shall assess whether these comments prevent the published amendments from becoming effective taking into account the interests of Eurex Clearing AG and all contractual parties.
 
Unless the context requires otherwise, terms used and not otherwise defined in this circular shall have the meaning ascribed to them in the Clearing Conditions or FCM Clearing Conditions of Eurex Clearing AG, as applicable.

Attachment:

• Amended sections of the Price List of Eurex Clearing AG

 Further information