spot_img

CME To Launch Micro Bitcoin And Ether Options

Share post:

To attract more retail traders, exchange operator CME Group has announced that it will introduce options on micro bitcoin and micro ether futures. The options will be available on March 28 after regulatory review.

The options from the CME Group will offer a wide range of market participants more opportunities to manage their exposure to bitcoin and ether.

The new CME’s micro bitcoin and the micro ether option will be “one-tenth of their respective underlying tokens.”

According to CME, once trading closes, each in-the-money micro bitcoin or micro ether option will deliver one contract of the respective future which underlies the option.

“At less than a year old, nearly 5.2 million combined micro bitcoin and micro ether futures contracts have changed hands. Building on the strength and liquidity of the underlying contracts, our micro-sized options will enable traders of all sizes to efficiently hedge market-moving events with greater precision and flexibility or fine-tune their cryptocurrency market exposure,” said Tim McCourt, global head of Equity and FX Products at CME Group.

For more information, read the original story in Reuters.

spot_img

SUBSCRIBE NOW

Related articles

Crypto winter presents difficulties for Bitcoin ATM operators

The cryptocurrency market has been experiencing a significant downturn, also known as "crypto winter," and operators of bitcoin...

New FTX CEO plans to revive bankrupt FTX

The bankrupt cryptocurrency exchange FTX is considering resuming operations, according to Chief Executive Officer John Ray. Mr. Ray stated...

Chainalysis says ransomware payments reduced by 40% in 2022

According to a new report by blockchain forensics firm Chainalysis, ransomware payments are down 40.58% as more victims...

FTX reports missing $415 million in cryptocurrencies due to hacks

FTX informed creditors that it had lost approximately $415 million in cryptocurrencies due to hacks since declaring bankruptcy...

Become a member

New, Relevant Tech Stories. Our article selection is done by industry professionals. Our writers summarize them to give you the key takeaways