Sized at one-tenth of their respective underlying tokens in size, these contracts will offer institutions to individuals greater flexibility and precision to manage their exposure to the top two cryptocurrencies by market capitalization.
"The launch of these micro-sized options builds on the significant growth and liquidity we have seen in our Micro Bitcoin and Micro Ether futures. Sized at one-tenth of their respective underlying tokens in size, these contracts will offer a wide range of market participants from institutions to sophisticated, active, individual traders – greater flexibility and precision to manage their exposure to the top two cryptocurrencies by market capitalization," said Tim McCourt, CME Group Global Head of Equity and FX Products.
With the aforementioned launch, CME Group’s total micro products exceed 20 having traded more than 1.2 billion contracts since their introduction.
CME Group has been among the most crypto-friendly regulated global exchanges having added BTC futures contracts nearly five years ago.
As the world's leading derivatives marketplace, CME Group enables clients to trade futures, options, cash and OTC markets. The platform offers the widest range of global benchmark products across all major asset classes based on interest rates, equity indexes, foreign exchange, energy, agricultural products and metals.