CME Group, a leading derivatives market, today revealed its strategies to release alternatives on Micro Bitcoin and Micro Ether futures on March 28th. The brand-new Micro Bitcoin and Micro Ether alternatives agreements will be one-tenth of their particular hidden tokens in size and will use more methods to handle direct exposure to the leading 2 cryptocurrencies by market capitalization.
These agreements will match CME’s existing Bitcoin alternatives agreements, sized at 5 (5) bitcoin. Additionally, they will permit customers to reveal long or short-term views with an option of month-to-month in addition to Monday, Wednesday, and Friday weekly alternatives expirations.
“At less than a year old, nearly 5.2 million combined Micro Bitcoin and Micro Ether futures contracts have changed hands. Building on the strength and liquidity of the underlying contracts, our micro-sized options will enable traders of all sizes to efficiently hedge market-moving events with greater precision and flexibility or fine-tune their cryptocurrency market exposure.”
– Tim McCourt, Global Head of Equity and FX Products, CME Group