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Micro-sized bitcoin and ether options have been launched by CME Group, one of the world’s major derivatives exchanges.
According to a CME official, “the debut of these micro-sized options builds on the substantial growth and liquidity we’ve witnessed in our micro bitcoin and micro ether futures.”
Micro Bitcoin and Ether are now available at CME
In October 2017, CME announced bitcoin futures, followed by BTC options in November 2019. The platform launched ether futures in February 2021. In May of last year, the company launched micro BTC futures, followed by micro ether futures in December.
CME Group stated on Monday that micro bitcoin and micro ether futures are now available. Micro Bitcoin futures (MBT) and Micro Ether futures (MET) are both 1/10 the size of one BTC and one ether (ETH).
CME Group’s global head of stock and FX products, Tim McCourt, commented:
The debut of these tiny-sized options builds on our micro bitcoin and micro ether futures, which have witnessed substantial growth and liquidity.
“These contracts will give a wide range of market players — from institutions to sophisticated, active, individual traders — more flexibility and accuracy in managing their exposure to the top two cryptocurrencies by market capitalization,” he said.
“We are thrilled to act as a liquidity source for these options and other CME Group cryptocurrency products,” said Robert Bogucki, managing director and global co-head of trading at Galaxy Digital Holdings. The following is what the executive said:
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About CME Group
CME Group, comprised of four exchanges: CME, CBOT, NYMEX, and COMEX, is the world’s largest and most diverse derivatives marketplace. Each exchange provides a diverse set of global benchmarks that span all major asset classes.
CME Bitcoin futures are a convenient way to gain exposure to BTC and manage risk. CME Group is launching BTC futures options in response to client demand for more bitcoin trading tools. One CME Bitcoin futures contract serves as the underlying for CME options on Bitcoin futures.
The Ether futures contract is traded on CME Globex from 5 p.m. to 4 p.m. Central Time on Sunday through Friday (CT). Furthermore, with a minimum order size of five contracts, the contracts are eligible for block trading.
The smaller contract sizes will provide investors and traders more flexibility in managing their exposure to the world’s two largest cryptocurrencies, allowing more participants to enter the market.
Andrew is a blockchain developer who developed his interest in cryptocurrencies while pursuing his post-graduation major in blockchain development. He is a keen observer of details and shares his passion for writing, along with coding. His backend knowledge about blockchain helps him give a unique perspective to his writing skills, and a reliable craft at explaining the concepts such as blockchain programming, languages and token minting. He also frequently shares technical details and performance indicators of ICOs and IDOs.
