1 month ago
The Chicago Mercantile Exchange Group (CME) has revealed that successful the archetypal period of the year, its crypto contracts saw an mean regular measurement (ADV) of 198,000 with a notional worth of $13.6 billion.
The CME elaborate successful a press release connected Tuesday that year-over-year, its cryptocurrency ADV roseate 180% arsenic its micro bitcoin (BTC) futures registered a 255% rise, portion its micro ether (ETH) futures contracts jumped 223%.
While the exchange’s bitcoin and ether futures contracts person a notional worth of 5 BTC and 50 ETH, respectively, their micro contracts correspond conscionable 0.1 of each cryptocurrency, allowing for much precise trading and hazard absorption fixed their smaller size.
On apical of its full-sized and micro contracts for the apical 2 cryptocurrencies by marketplace capitalization, the CME besides offers traders options connected these contracts. These options alteration much analyzable strategies to fine-tune their hazard exposure.
Options contracts supply traders with the right, but not the obligation, to bargain oregon merchantability cryptocurrency futures astatine a predetermined terms connected oregon earlier a circumstantial date.
The futures speech recorded a full ADV of 25.7 cardinal contracts successful January.
Just past week, the CME Group announced it’s eyeing the instauration of options connected Bitcoin Friday Futures (BFF) from Feb. 24, though these are pending regulatory approval.
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