Leading Derivatives Exchange CME Group Launches Micro Bitcoin and Ether Options – Finance Bitcoin News


CME Group, one of the world’s largest derivatives markets, has launched micro-bitcoin and ether options. “The launch of these micro options builds on the significant growth and liquidity we have seen in our micro-bitcoin and micro-ether futures,” said a CME executive.

CME Now Offers Micro Bitcoin, Ether Options

CME Group announced Monday that it is now offering options on micro bitcoin and micro ether futures. CME’s Micro Bitcoin futures (MBT) is 1/10 the size of one bitcoin (BTC) and Micro Ether futures (MET) is a comparable size of 1/10 the size of one ether (ETH).

Tim McCourt, CME Group’s global head of equity and FX products, commented:

The launch of these micro-options builds on the significant growth and liquidity we’ve seen in our micro-bitcoin and micro-ether futures.

“At a size of one-tenth of their respective underlying tokens, these contracts will provide a wide range of market participants – from institutions to advanced, active, individual traders – with greater flexibility and precision to manage their exposure to the top two cryptocurrencies by market capitalization ,” he said.

Galaxy Digital Holdings general manager and global co-head of trading, Robert Bogucki, said his company is “excited to act as a liquidity provider for these options and other CME Group cryptocurrency products.” The executive described:

The smaller contract sizes give investors and traders more flexibility in managing their exposure to the two largest cryptocurrencies in the world, opening the market to new entrants.

CME launched bitcoin futures in October 2017, followed by bitcoin options in November 2019. The platform launched ether futures in February 2021. The group then launched micro-bitcoin futures in May last year and micro-ether futures in December.

What are your thoughts on the launch of micro-bitcoin and ether options by CME Group? Let us know in the comments below.

Kevin Helms

Kevin, an Austrian economics student, found Bitcoin in 2011 and has been an evangelist ever since. His interests lie in Bitcoin security, open source systems, network effects, and the intersection between economics and cryptography.

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