March 28: CME Group launching options on Micro Bitcoin and Micro Ether futures
CME Group, a leading derivatives marketplace, today announced its plans to launch options on Micro Bitcoin and Micro Ether futures on March 28th. The new Micro Bitcoin and Micro Ether options contracts will be one-tenth...
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CME Group, a leading derivatives marketplace, today announced its plans to launch options on Micro Bitcoin and Micro Ether futures on March 28th. The new Micro Bitcoin and Micro Ether options contracts will be one-tenth of their respective underlying tokens in size and will offer more ways to manage exposure to the top two cryptocurrencies by market capitalization.
These contracts will complement CME’s existing Bitcoin options contracts, sized at five (5) bitcoin. Additionally, they will allow clients to express long or short-term views with a choice of monthly as well as Monday, Wednesday, and Friday weekly options expiries.
“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.”
– Tim McCourt, Global Head of Equity and FX Products, CME Group
The post March 28: CME Group launching options on Micro Bitcoin and Micro Ether futures appeared first on CryptoNinjas.
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