Exchange giant CME Group has released micro bitcoin futures, smaller-sized derivatives contracts, which many say will open the door for more customers from wider groups.
The micro bitcoin futures are just 1/10th the size of one bitcoin and will be settled in cash. CME’s first presentation of the product took place in March.
“At one-tenth, the size of one bitcoin, Micro Bitcoin futures will provide an efficient, cost-effective way for a broad array of market participants — from institutions to sophisticated, active traders — to fine-tune their bitcoin exposure and enhance their trading strategies, all while retaining the benefits of CME Group’s standard Bitcoin futures,” declared Tim McCourt, CME Group’s global head of equity index and alternative investment products.
CME has also released standard bitcoin futures in December 2017 and, in the meantime, they have become one of the most popular products in the crypto derivatives space.
Source: TheBlockCrypto.com