CME Group, the world’s leading and most diverse derivatives marketplace, announced that Micro Bitcoin futures volume surpassed 500,000 contracts on Monday, May 24.
Today we announced that more than 500,000 Micro Bitcoin futures contracts traded since launch. For more information: https://t.co/wSpJ6eDuD7 pic.twitter.com/d1c9VpJukc
— CME Group (@CMEGroup) May 26, 2021
“We are pleased with the strong uptake and support we have seen for this new contract so early on in its first month,” said Tim McCourt, CME Group Global Head of Equity Index and Alternative Investment Products. “At one-fiftieth the size of our larger Bitcoin futures, this new, smaller contract allows traders of all sizes to better manage their bitcoin price risk in an efficient, cost-effective way.”
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.
Source: CME
NEWSLETTER SIGN UP
And receive exclusive articles on securities markets
As Technology Evolves, Asset Managers Adapt and Innovate
Citi Changes Organizational Structure
SEC Charges Virtu for Disclosures Relating to Information Barriers
ICE Futures Singapore Partners with CoinDesk Indices
Related articles
-
CME is expanding its crypto offering with Micro Bitcoin Euro and Micro Ether Euro futures.
-
The iShares Bitcoin Trust took 37 trading days to gain $10bn in assets.
-
The launch comes after the successful debut of Valkyrie's spot Bitcoin exchange-traded product.
-
However, trading volumes do not predict inflows.
-
The decision is a direct result of SEC approval for the issuance of Valkyrie’s spot Bitcoin ETF.