CME Group, one of the largest stock exchanges in the world, was one of the first traditional institutions to take a step in Bitcoin (BTC).
in the 2017 bull Bitcoin (BTC) CME, which changed the course of the market with its futures contracts, has now launched a new product.
Micro Doping of ETH and BTC
CME Group In the press release published by the company, the long-awaited micro-futures contracts have been launched.
The product in question is currently only the leading cryptocurrency Bitcoin and the second largest cryptocurrency by total market capitalization Ethereum valid for.
senior manager Tim McCourt In his statement on the subject, he stated:
The launch of these micro-size options builds on the significant growth and liquidity we’ve seen in our Micro Bitcoin and Micro Ether futures.”
.@CMEGroup launched options on Micro #Bitcoin and Micro #Ether futures.https://t.co/EdpEClQmBN pic.twitter.com/OTywP0MJip
— ICO Drops (@ICODrops) March 29, 2022
These products are the same as normal futures contracts. 1 in 10 size and contracts are expected to reach more users this time. While the previous contracts were at a level that only institutional investors could afford, these also serve individual investors and offer more liquidity and flexibility.
Micro BTC and micro ETH futures launched by CME Group have been long awaited.
Co-founder of Galaxy Digital Robert Bogucki In his statement on the subject, he emphasized that smaller contracts will give more flexibility.
Although this may seem like less liquidity at first, even more liquidity can be obtained with more participation.