CME Group will be launching Micro Bitcoin futures contracts with about a month to go, around May 3th
Derivatives exchange giant CME Group is launching micro bitcoin futures on May 3, subject to regulatory review.
CME Group to Launch Micro Bitcoin Futures on May 3
CME Group: Micro Bitcoin Futures Will Be One-Tenth the Size of One Bitcoin $CME
— *Walter Bloomberg (@DeItaone) March 30, 2021
CME Group will be launching Micro Bitcoin futures contracts on May 3
The micro bitcoin futures will be 1/10th the size of 1 BTC and are aimed at providing a cost-effective way to bitcoin exposure.
CME already offers BTC futures since December 2017 and is one of the top venues in the crypto derivatives space.
Tim McCourt, CME Group’s global head of equity index and alternative investment products, stated:
“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. The introduction of Micro BTC futures responds directly to demand smaller-sized contracts from a broad array of clients and will offer even more choice and precision in how participants can trade regulated BTC futures transparently and efficiently at CME Group.”
This year, so far, CME has seen 13,800 BTC futures contracts (equivalent to about 69,000 BTC) traded on average each day. The exchange also launched ETH futures last month, and those have seen 767 contracts traded on average each day since the launch.
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