CME launching micro bitcoin futures in May


Derivatives exchange giant CME Group is launching micro bitcoin futures on May 3, subject to regulatory review.

The micro bitcoin futures will be 1/10th the size of one bitcoin and are aimed at providing a cost-effective way to bitcoin exposure.

CME already offers bitcoin futures since December 2017 and is one of the top venues in the crypto derivatives space.

"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," said Tim McCourt, CME Group's global head of equity index and alternative investment products. "The introduction of Micro Bitcoin futures responds directly to demand for smaller-sized contracts from a broad array of clients and will offer even more choice and precision in how participants can trade regulated Bitcoin futures in a transparent and efficient manner at CME Group."

This year, so far, CME has seen 13,800 bitcoin futures contracts (equivalent to about 69,000 bitcoin) traded on average each day. The exchange also launched ether (ETH) futures last month, and those have seen 767 contracts traded (equivalent to 38,400 ether) on average each day since the launch, said CME.

Related Reading

Get Your Crypto
Daily Brief

Delivered daily, straight to your inbox.

Layer-1 Platforms: A Framework for Comparison

The Block Research was commissioned by Algorand to create Layer-1 Platforms: A Framework for comparison, which provides a “look under the hood” at seven platforms: Algorand, Avalanche, Binance Smart Chain, Cosmos, Ethereum/Ethereum 2.0, Polkadot, and Solana. We assess their technical design, related ecosystem data, and qualitative factors such as key ecosystem members to get an understanding of how they differ. Having done this analysis, we draw some insights for what the future of the broader smart contract landscape could look like for years to come. 
Read Full Story
Aug 11, 2021, 5:18PM UTC