CME Group Launches Bitcoin Microfutures

The Chicago Mercantile Exchange (CME Group) announced the launch on May 3 of a new product based on the first cryptocurrency – Micro Bitcoin futures, awaiting regulatory approval.

More choice, more precision for managing your bitcoin exposure. Explore Micro Bitcoin futures – launching May 3.- CME Group (@CMEGroup) 

March 30, 2021

The new futures will make up a tenth of bitcoin. CME believes that the smaller contract will hedge price risks in the spot market and implement trading strategies in the leading cryptocurrency in an “efficient and cost-effective manner.”

CME Managing Director Tim McCourt noted that the demand for Bitcoin futures has been growing since the contracts launched in 2017, especially from institutional traders.

“The introduction of Micro Bitcoin futures is directly responding to customer demand for smaller contracts and will offer more choice and accuracy in regulated crypto derivatives trading,” he said.

Futures will be settled in cash based on the CME CF Bitcoin Reference Rate.

Recall that on January 13, the exchange opened trading in bitcoin options . On February 8, the platform added Ethereum futures , the trading volume of which exceeded $ 30 million on the first day .

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