Chicago Mercantile Exchange (CME), which is among the largest stock exchanges in the world and has the most derivatives variety, today has a new Micro bitcoin and Micro Ethereum announced the launch of futures contracts.
Since Micro Bitcoin and Micro Ethereum futures contracts will be sold at a price of one-tenth of the base token, they will appeal to a wide range of active trading institutional and individual investors.
These smaller contracts attract more investors. bitcoin and Ethereum will allow the operation.
CME will offer investors the opportunity to make long and short term investments with monthly or weekly expiry options.
This contract option is offered to investors at certain intervals. The first application started on May 3, 2021.
What Do Experts Think?
Experts state that Micro Futures contracts offer a more flexible trading opportunity due to their smaller size, and that these contracts will increase liquidity.
Some experts’ opinions are as follows;
Tim McCourt, Global Head of Equities and FX Products, CME Group: “Less than a year ago, approximately 5.2 million combined Micro Bitcoin and Micro Ether futures contracts changed hands. Based on the strength and liquidity of underlying contracts, our micro-size options will enable traders of all sizes to enter the market efficiently.”
Joshua Lim, Head of Derivatives at Genesis Global Trading: “Micro options provide the targeted risk exposure that investors seek. ”
Rob Strebel, Head of Relationship Management at DRW: “As we work with our institutional investors, we recognize that there is a strong demand for exposure to safe and regulated cryptoassets. This innovation from the CME Group provides a welcome flexibility in the listed options space, and we expect these products to help attract new investors and grow crypto.”
John Harris, CEO of Akuna Digital Assets: “We think the options in these contracts will open the market to new participants who prefer more detailed sizing, as well as giving existing market participants more flexibility in seeking low-cost risk.”