Derivatives marketplace CME Group further expanded its suite of cryptocurrency derivatives offerings on Monday with options on Micro Bitcoin and Micro Ether futures
The company further stated that the newly launched options will complement CME Group’s diverse slate of over 20 Micro products which have traded over 1.2 billion contracts since their introduction.
Tim McCourt, who was recently promoted to Senior Managing Director, Global Head of Equity and FX Products, said that the new micro-sized options build on the significant growth and liquidity the company has seen in their Micro Bitcoin and Micro Ether futures.
McCourt continued:
Tim McCourt
Source: LinkedIn
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.
Robert Bogucki, Managing Director, Global Co-head of Trading at Galaxy Digital Holdings Ltd went on to say that the Micro Bitcoin and Micro Ether options are an important step in developing a thriving marketplace for institutions and sophisticated investors who want crypto exposure in a regulated environment.
