CME Group Announces Launch of Micro Bitcoin Futures

CHICAGO, Could 3, 2021 /PRNewswire/ — CME Group, the world’s main and most various derivatives market, right this moment launched Micro Bitcoin futures, additional increasing its suite of crypto derivatives choices.

“We’re happy to introduce this new contract at a time once we proceed to see constant development of liquidity and participation in our crypto futures and choices,” mentioned Tim McCourt, CME Group International Head of Fairness Index and Different Funding Merchandise. “At one-tenth the dimensions of 1 bitcoin, Micro Bitcoin futures will present an environment friendly, cost-effective manner for a broad array of market contributors – from establishments to classy, energetic merchants – to fine-tune their bitcoin publicity and improve their buying and selling methods, all whereas retaining the advantages of CME Group’s customary Bitcoin futures.”

“Cryptocurrency has by no means been extra standard than it’s right this moment, and we’re actually glad to help the launch of the Micro Bitcoin futures contract,” mentioned Steven Sanders, Government Vice President, Advertising and marketing and Product Growth at Interactive Brokers. “This smaller sized contract will allow extra of our refined, particular person shoppers to take part available in the market, and can permit our institutional shoppers to extra exactly handle their bitcoin publicity.”

“The launch of Micro Bitcoin futures addresses two of the most important points in terms of investing in cryptocurrency, specifically the excessive value and the will to interact inside a regulated surroundings,” mentioned J.B. Mackenzie, Managing Director at TD Ameritrade Futures and Foreign exchange, LLC. “The demand from self-directed energetic merchants for choices akin to that is excessive, and we’re happy so as to add Micro Bitcoin futures to the lineup of futures merchandise out there at TD Ameritrade.”

“Providing Micro Bitcoin futures permits us to supply our prospects with much more selection and precision in how they commerce Bitcoin futures,” mentioned Daniel Ryba, Government Director of futures at E*TRADE Monetary. “The smaller contract measurement permits merchants of all sizes – from establishments to energetic retail merchants – to get publicity to bitcoin costs, or hedge their spot bitcoin positions. We’re excited to help this product.”

“As a platform for retail and institutional traders, we’re excited to supply TradeStation Securities, Inc. (“TradeStation”) shoppers Micro Bitcoin futures. By reducing the barrier of entry, extra merchants will have the ability to acquire publicity to bitcoin,” mentioned John Bartleman, President of TradeStation Group, Inc., TradeStation’s guardian firm. “We’re day-one supporters of CME’s Micro Bitcoin futures product, and we’re trying ahead to our continued relationship that permits us to prioritize our shoppers’ entry to cryptocurrencies via futures.”

“The Micro Bitcoin futures meet an actual market want for extra granular publicity on Bitcoin futures,” mentioned Joshua Lim, Head of Derivatives, Genesis Buying and selling. “Extra traders will have the ability to entry and commerce this market, and choices liquidity suppliers like Genesis will have the ability to delta hedge with extra precision.”

CME Micro Bitcoin futures are cash-settled, based mostly on the CME CF Bitcoin Reference Price, which serves as a once-a-day reference fee of the U.S. greenback value of bitcoin. Micro Bitcoin futures are listed on and topic to the principles of CME.  

For extra info on this product, please see: www.cmegroup.com/microbitcoin.

Because the world’s main and most various derivatives market, CME Group (www.cmegroup.com) permits shoppers to commerce futures, choices, money and OTC markets, optimize portfolios, and analyze knowledge – empowering market contributors worldwide to effectively handle threat and seize alternatives. CME Group exchanges supply the widest vary of worldwide benchmark merchandise throughout all main asset courses based mostly on rates of interest, fairness indexes, international alternate, vitality, agricultural merchandise and metals. The corporate provides futures and choices on futures buying and selling via the CME Globex® platform, fastened earnings buying and selling by way of BrokerTec and international alternate buying and selling on the EBS platform. As well as, it operates one of many world’s main central counterparty clearing suppliers, CME Clearing. With a variety of pre- and post-trade services and products underpinning your complete lifecycle of a commerce, CME Group additionally provides optimization and reconciliation providers via TriOptima, and commerce processing providers via Traiana.

CME Group, the Globe brand, CME, Chicago Mercantile Change, Globex, and, E-mini are logos of Chicago Mercantile Change Inc. CBOT and Chicago Board of Commerce are logos of Board of Commerce of the Metropolis of Chicago, Inc. NYMEX, New York Mercantile Change and ClearPort are logos of New York Mercantile Change, Inc. COMEX is a trademark of Commodity Change, Inc. BrokerTec, EBS, TriOptima, and Traiana are logos of BrokerTec Europe LTD, EBS Group LTD, TriOptima AB, and Traiana, Inc., respectively. Dow Jones, Dow Jones Industrial Common, S&P 500 and S&P are service and/or logos of Dow Jones Trademark Holdings LLC, Commonplace & Poor’s Monetary Providers LLC and S&P/Dow Jones Indices LLC, because the case could also be, and have been licensed to be used by Chicago Mercantile Change Inc. All different logos are the property of their respective homeowners. 

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