May 4, 2021 05:51 GMTCrypto News
CME’s newest derivatives product would allow a broader range of investors to participate in the cryptocurrency market.
Micro Bitcoin futures recently launched by the exchange giant would be a more cost-effective method for traders to fine-tune their BTC exposure.
The growing demand and the surging price of the leading cryptocurrency were cited as the main drivers for introducing this new product.
The Chicago Mercantile Exchange (CME) has launched a new futures product as demand continues to grow in the cryptocurrency space.
Fueling crypto adoption by lowering the barrier to entry
The new micro Bitcoin futures contract by CME will be one-tenth the size of a Bitcoin, providing a more cost-effective entry for market participants. The new cryptocurrency derivatives product could open the door to wider mainstream adoption of the new asset class.
CME Group Announces Launch Of Micro Bitcoin Futures Date
03/05/2021
CME Group, the world s leading and most diverse derivatives marketplace, today launched Micro Bitcoin futures, further expanding its suite of crypto derivatives offerings. We are pleased to introduce this new contract at a time when we continue to see consistent growth of liquidity and participation in our crypto futures and options, said
Tim McCourt, CME Group Global Head of Equity Index and Alternative Investment Products. At one-tenth the size of one bitcoin, Micro Bitcoin futures will provide an efficient, cost-effective way for a broad array of market participants – from institutions to sophisticated, active traders – to fine-tune their bitcoin exposure and enhance their trading strategies, all while retaining the benefits of
Micro Bitcoin Futures Offer Expanded Opportunities for Crypto Investors
On 5/3/21 at 3:50 PM EDT
The smaller contracts will allow participants to hedge spot Bitcoin risk. Since the launch of our Bitcoin futures contract in 2017, we have seen steady, ongoing growth of liquidity and market participation in our crypto derivatives, especially among institutional traders, Tim McCourt, CME Group Global Head of Equity Index and Alternative Investment Products, said in a statement.
A woman walks past the entrance of a cryptocurrency exchange office on April 16, 2021 in Istanbul, Turkey. Cryptocurrency has seen wider industry acceptance this year.
Chris McGrath/Getty The introduction of micro Bitcoin futures responds directly to demand for smaller-sized contracts from a broad array of clients and will offer even more choice and precision in how participants can trade regulated Bitcoin futures in a transparent and efficient manner, the statement read.
CME Group Announces Launch of Micro Bitcoin Futures
“We are pleased to introduce this new contract at a time when we continue to see consistent growth of liquidity and participation in our crypto futures and options,” said Tim McCourt, CME Group Global Head of Equity Index and Alternative Investment Products. “At one-tenth the size of one bitcoin, Micro Bitcoin futures will provide an efficient, cost-effective way for a broad array of market participants – from institutions to sophisticated, active traders – to fine-tune their bitcoin exposure and enhance their trading strategies, all while retaining the benefits of CME Group’s standard Bitcoin futures.”
CME Group introduces micro Bitcoin futures The new contract is worth one-tenth the size of a single Bitcoin. 9849 Total views News
The Chicago Mercantile Exchange, or CME, has officially launched its newest Bitcoin (BTC) derivatives product, setting the stage for wider mainstream adoption of digital assets.
TIm McCourt, CME Group’s global head of equity index and alternative investment products, said the new product will provide “an efficient, cost-effective way for a broad array of market participants from institutions to sophisticated, active traders to fine-tune their bitcoin exposure and enhance their trading strategies.”
The Micro Bitcoin futures contract is worth 0.1 BTC, which provides traders with an additional tool to hedge their digital currency price risk.