CME Micro Bitcoin Futures Volume Exceeds 100,000 Contracts In First 6 Trading Days
May 11, 2021 - CME Group today announced that Micro Bitcoin futures volume surpassed 100,000 contracts in the new contract's first six days of trading.
"We are pleased to see strong customer adoption and support for our new Micro Bitcoin futures contract early on," said Tim McCourt, CME Group Global Head of Equity Index and Alternative Investment Products. "Together with our existing, full-sized Bitcoin futures, this new, smaller contract further strengthens our ability to help a broad array of clients – from institutions to sophisticated, active traders – to manage their bitcoin price risk."
At 1/10th of one bitcoin in size, Micro Bitcoin futures provide an efficient, cost-effective way for traders to fine-tune their bitcoin exposure and enhance their trading strategies, all while retaining the benefits of CME Group's existing Bitcoin futures contract.
Micro Bitcoin futures are cash-settled to the CME CF Bitcoin Reference Rate, which serves as a once-a-day reference rate of the U.S. dollar price of bitcoin. Micro Bitcoin futures are listed on and subject to the rules of CME.
Full Micro Bitcoin contract specifications can be viewed here.
LiquidityFinder
LiquidityFinder was created to take the friction out of the process of sourcing Business to Business (B2B) liquidity; to become the central reference point for liquidity in OTC electronic markets, and the means to access them. Our mission is to provide streamlined modern solutions and share valuable insight and knowledge that benefit our users.
If you would like to contribute to our website or wish to contact us, please click here or you can email us directly at press@liquidityfinder.com.