Options on Micro BTC and Micro ETH Futures to Launch in March: CME
CME Group plans to roll out options on their Micro Bitcoin and Micro ETH futures at the end of the month
According to an press release published on PR Newswire, CME Group, the global derivatives marketplace, was the first to release BTC futures contracts for financial institutions in late 2017 and launched microfutures on the first and second largest cryptocurrencies in 2021.
Now the company is preparing to release options on the latter.
CME Group has announced that it plans to launch options on Micro Bitcoin and Micro Ether futures on March 28, pending regulatory review. The new Micro Bitcoin and Micro Ether options contracts will be one-tenth of their respective underlying tokens. https://t.co/3sWplDqYLv
— Wu Blockchain (@WuBlockchain) March 1, 2022
Options contracts on Micro BTC and Micro ETH futures
The press release says the new options would be worth a tenth of Bitcoin and ETH. In addition to banks, funds, family offices and other financial institutions, the new crypto-based products will also be offered to individual traders.
The new options are in addition to the Bitcoin options launched two years ago, with a size of five BTC.
Micro Bitcoin futures were released by CME on March 3 last year. As for Micro ETH, which started trading on CME on December 6, 2021.
More than 5.2 million of these have been traded cumulatively. Genesis Global Trading, Cumberland and Akuna Capital will act as liquidity providers for CME Group for their new products.