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      CME Micro Bitcoin Futures Volume Exceeds 100,000 Contracts In First 6 Trading Days

      Published: just now

      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.

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      This content may have been written by a third party. LiquidityFinder makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or other information supplies by any third-party. This content is information only, and does not constitute financial, investment or other advice on which you can rely.
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