Nordic Growth Market (NGM) Lists Mini Futures Cryptocurrency Contracts Backed by Vontobel

On Thursday, 4th of July 2019, Nordic Growth Market (NGM), a Swedish stock exchange, announced that it has listed Ether-based as well as Bitcoin mini futures.

Vontobel, an investment bank, which recently launched tracker certificates on Litecoin, Ether, Bitcoin and Ripple will be backing the derivative products.

Per the listing, Tommy Fransson, the deputy chief executive at Nordic Growth Market said:

“It is with great pleasure we list Mini Futures on cryptocurrencies from Vontobel. It has a big interest among investors. This listing further strengthens the crypto products offering at NGM.”


Mini Futures, which are often called ‘e-mini', are quite similar to the standard futures contracts in all things apart from its value, which is a fraction of the standard futures contracts.

E-mini NGM traders can benefit both from hikes or dips in performance of an asset because the exchange allows both long as well as short positions.

In addition, Nordic Growth Market (NGM) offers cryptocurrency derivatives traders with leverage.

A Very Lucrative Market

Due to the high volatility of crypto-assets, there has been a rise in the demand for cryptocurrency backed derivatives, hence the launch of the mini futures.

This high demand for crypto-backed derivatives can be seen in the statistics report by CME Group which recently hit 1.7 billion dollars worth of Bitcoin futures in a single day as well as an increase in new user registration for trading Bitcoin futures.

Many other platforms are looking to benefit from this highly lucrative market as they look into offering cryptocurrency based services.

ErisX and LedgerX License

ErisX, a cryptocurrency trading platform was recently issued a license from the United States commodities regulator to provide crypto futures contracts to its customers.

In June 2019, LedgerX, also got a license from the US commodities regulator to provide physically delivered Bitcoin (BTC) derivatives.

Vontobel Statement

In addition, Roger Studer, the head of investment banking at Vontobel, said

“The new Mini Futures on cryptocurrencies will give investors new instruments to trade cryptocurrencies in bullish as well as bearish market environments. They will also enable crypto investors to hedge long crypto positions, Vontobel underlines its claim to deliver innovative products, liquid market access as well as best services to its customers and confirms its position as one of Sweden’s leading providers of structured products.”

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