Leading Derivatives Exchange CME Group Launches Micro Bitcoin and Ether Options – Micro-sized bitcoin and ether options have been launched by CME Group, one of the world’s major derivatives exchanges.
According to a CME executive, “the debut of these micro-sized options relies on the substantial growth and liquidity we’ve witnessed in our micro bitcoin and micro ether futures.”
CME Group stated on Monday that micro bitcoin and micro ether futures are now available. Micro Bitcoin futures (MBT) and Micro Ether futures (MET) are both 1/10 the size of one bitcoin (BTC) and ether (ETH).
CME Group’s global head of stock and FX products, Tim McCourt, commented:
“The debut of these micro-sized options builds on our micro bitcoin and micro ether futures, which have witnessed substantial growth and liquidity.”
“These contracts will provide a wide variety of market participants, from institutions to sophisticated, active, individual traders – greater flexibility and precision to control their exposure to the top two cryptocurrencies by market capitalization,” he added.
“We are thrilled to act as a liquidity source for these options and other CME Group cryptocurrency products,” said Robert Bogucki, managing director and global co-head of trading at Galaxy Digital Holdings. The following is what the executive said:
“The smaller contract sizes will provide investors and traders more flexibility in managing their exposure to the world’s two largest cryptocurrencies, allowing more participants to enter the market.”
Leading Derivatives Exchange CME Group Launches Micro Bitcoin and Ether Options – In October 2017, CME announced bitcoin futures, followed by bitcoin options in November 2019. In February 2021, the platform debuted ether futures. In May of last year, the company launched micro bitcoin futures, followed by micro ether futures in December.