CME Group, the world’s largest financial derivatives exchange, has announced that it will launch Bitcoin and Ethereum micro options on March 28, provided they receive the green light from regulators.
Key points to remember:
- News of the launch of micro-sized crypto options in the CME market comes about four months after the company unveiled Micro Ethereum (MET) futures. CME Group first added the ability for traders to trade futures more accurately in May 2021 with the launch of Micro Bitcoin (MBT) futures.
- The new options offering will complement the existing options of CME’s Bitcoin products, which are sized at five BTC. Additionally, the new offering will be accessible to a wider range of traders looking for a short or long crypto, as the new products will be sized at only 10% of their underlying assets.
- In Tuesday’s press release, CME Group’s Global Head of Equity and Currency Products, Tim McCourt, noted that more than 5 million METs and MBTs have collectively traded in less than a year since their launch. The company hopes its success with micro-sized crypto futures will translate into strong demand for micro-sized options when they launch in late March.
- Both Bitcoin and Ethereum have seen strong bullish momentum in light of rising geopolitical tensions. The world’s oldest crypto is up around 15% in the past week, while the price of ETH is up 10%.
David is a crypto enthusiast and personal finance expert. He has created numerous publications for different platforms. He loves exploring new things, and that’s how he discovered blockchain in the first place.