CME Group, a number one derivatives market, at this time introduced its plans to launch choices on Micro Bitcoin and Micro Ether futures on March twenty eighth. The brand new Micro Bitcoin and Micro Ether choices contracts will likely be one-tenth of their respective underlying tokens in dimension and can supply extra methods to handle publicity to the highest two cryptocurrencies by market capitalization.
These contracts will complement CME’s present Bitcoin choices contracts, sized at 5 (5) bitcoin. Moreover, they are going to enable shoppers to precise lengthy or short-term views with a alternative of month-to-month in addition to Monday, Wednesday, and Friday weekly choices expiries.
“At lower than a 12 months previous, almost 5.2 million mixed Micro Bitcoin and Micro Ether futures contracts have modified arms. Constructing on the energy and liquidity of the underlying contracts, our micro-sized choices will allow merchants of all sizes to effectively hedge market-moving occasions with higher precision and adaptability or fine-tune their cryptocurrency market publicity.”
– Tim McCourt, International Head of Fairness and FX Merchandise, CME Group