2 years ago
CME Group, 1 of the world’s largest derivatives exchanges, wants to commencement trading options connected micro bitcoin and ether futures this month.
The company, which overtook Binance arsenic the world’s biggest bitcoin futures level successful October, plans to present the options connected March 28 pending regulatory approval.
The speech introduced micro bitcoin futures successful May 2021, adding the ether contracts successful December.
"At little than a twelvemonth old, astir 5.2 cardinal combined Micro Bitcoin and Micro Ether futures contracts person changed hands,” Tim McCourt, planetary caput of equity and FX Products astatine CME Group said successful the statement. He noted that the “micro-sized options volition alteration traders of each sizes to efficiently hedge market-moving events with greater precision and flexibility oregon fine-tune their cryptocurrency marketplace exposure.”
In February, CME reported fourth-quarter 2021 mean regular measurement of 20.5 cardinal contracts, up 26% from 4th fourth 2020.
Options supply a trader with the right, but not the obligation, to bargain oregon merchantability an plus astatine a specified terms astatine immoderate play during the beingness of the contract. Futures contracts springiness the purchaser the work to acquisition an plus astatine the specified day unless the presumption is closed beforehand.
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Michael Bellusci is CoinDesk's crypto payments reporter.
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