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

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

CME Offers Ether and Micro Bitcoin Options

CME Group said Monday it now offers options for futures on micro bitcoin or micro ether. CME’s Micro Bitcoin futures (MBT) is 1/10 the size of one bitcoin (BTC) and Micro Ether futures (MET) is similarly sized at 1/10 of one ether (ETH).

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

These micro-sized options build on the substantial growth and liquidity that we saw in micro bitcoin futures and microether futures.

“Sized at one-tenth of their respective underlying tokens in size, these contracts will offer a wide range of market participants — from institutions to sophisticated, active, individual traders — greater flexibility and precision to manage their exposure to the top two cryptocurrencies by market capitalization,” he detailed.

Galaxy Digital Holdings’ managing director 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:

Investors and traders who trade smaller contracts will be able to manage their exposure to the top two cryptocurrencies globally with greater ease. The market is open to all participants.

CME introduced bitcoin options and bitcoin futures in October 2017. CME launched ether options in November 2018. In May 2017, the group launched micro Bitcoin futures and in December, micro Ethereum futures.

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Kevin Helms

Kevin, a student of Austrian Economics and a Bitcoin evangelist since 2011, was one of the first to discover Bitcoin. His main interests are in Bitcoin security, open source systems, network effects, cryptography, and intersections between economics, cryptography, and Cryptography.