{"id":5745,"date":"2021-03-30T15:38:39","date_gmt":"2021-03-30T15:38:39","guid":{"rendered":"https:\/\/www.futuresandoptions.gr\/en\/?p=5745"},"modified":"2021-03-30T15:38:40","modified_gmt":"2021-03-30T15:38:40","slug":"cme-group-to-launch-micro-bitcoin-futures-on-may-3","status":"publish","type":"post","link":"https:\/\/www.futuresandoptions.gr\/en\/cme-group-to-launch-micro-bitcoin-futures-on-may-3\/","title":{"rendered":"CME Group to Launch Micro Bitcoin Futures on May 3"},"content":{"rendered":"\n

CME Group<\/a>,\u00a0the world’s leading and most diverse derivatives marketplace, today announced it will expand its suite of crypto derivatives with the introduction of a new Micro Bitcoin futures contract on\u00a0May 3, pending regulatory review.<\/p>\n\n\n\n

Micro Bitcoin futures will be one-tenth the size of one bitcoin. The smaller-sized contract  will provide market participants \u2013 from institutions to sophisticated, active, individual traders \u2013 with one more tool to hedge their spot bitcoin price risk or execute bitcoin trading strategies in an efficient, cost-effective way, all while retaining the features and benefits of CME Group’s standard Bitcoin futures.<\/p>\n\n\n\n

“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,” said Tim McCourt, CME Group Global Head of Equity Index and Alternative Investment Products. “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 at CME Group.”<\/p>\n\n\n\n

Micro Bitcoin futures will join CME Group’s growing suite of cryptocurrency derivatives, including\u00a0Bitcoin futures and options\u00a0and recently launched\u00a0Ether futures<\/a>. In 2021-to-date, 13,800 CME Bitcoin futures contracts (equivalent to about 69,000 bitcoin) have traded on average each day. In addition, CME Ether futures have seen 767 contracts traded (equivalent to 38,400 ether) on average each day since launched on\u00a0February 8.<\/p>\n\n\n\n

The new contract will be cash-settled, based on the\u00a0CME CF Bitcoin Reference Rate, which serves as a once-a-day reference rate of the U.S. dollar price of bitcoin. Micro Bitcoin futures will be listed on and subject to the rules of CME. \u00a0<\/p>\n\n\n\n

For more information on this product, please see: www.cmegroup.com\/microbitcoin<\/a>.<\/p>\n\n\n\n

As the world’s leading and most diverse derivatives marketplace, CME Group (www.cmegroup.com) enables clients to trade futures, options, cash and OTC markets, optimize portfolios, and analyze data \u2013 empowering market participants worldwide to efficiently manage risk and capture opportunities. CME Group exchanges offer the widest range of global benchmark products across all major asset classes based on\u00a0interest rates,\u00a0equity indexes,\u00a0foreign exchange,\u00a0energy,\u00a0agricultural products\u00a0and\u00a0metals.\u00a0 The company offers futures and options on futures trading through the\u00a0CME Globex<\/a>\u00ae platform, fixed income trading via BrokerTec and foreign exchange trading on the EBS platform. In addition, it operates one of the world’s leading central counterparty clearing providers, CME Clearing. With a range of pre- and post-trade products and services underpinning the entire lifecycle of a trade, CME Group also offers optimization and reconciliation services through TriOptima, and trade processing services through Traiana.<\/p>\n\n\n\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

CME Group, the world’s leading and most diverse derivatives marketplace, today announced it will expand its suite of crypto derivatives with the introduction of a new Micro Bitcoin futures contract on May 3, pending regulatory review<\/p>\n","protected":false},"author":2,"featured_media":5746,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[352,812,1233,241,14],"tags":[353,1529,1530,1528],"class_list":["post-5745","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","category-cryptocurrencies","category-derivatives","category-futures-2","category-financial-news","tag-bitcoin-2","tag-bitcoin-futures","tag-cme","tag-micro-bitcoin-futures"],"yoast_head":"\nCME Group to Launch Micro Bitcoin Futures on May 3 -<\/title>\n<meta name=\"description\" content=\"CME Group, announced it will expand its suite of crypto derivatives 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