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CME's Micro Bitcoin Futures Have Traded More Than 1 Million Contracts

Mary Liu

Summary: CME Group announced on Friday that its micro Bitcoin futures have sold more than 1 million contracts. Tim McCourt, head of global equity indices and alternative investment products at CME Group, said since the product launched more than a month ago, they continue to see strong customer demand. The price of micro Bitcoin futures is ...

CME Group announced on Friday that its micro Bitcoin futures have sold more than 1 million contracts.

Tim McCourt, head of global equity indices and alternative investment products at CME Group, said since the product launched more than a month ago, they continue to see strong customer demand.

The price of micro Bitcoin futures is one-tenth of a Bitcoin, aiming to provide market participants (from institutions to small traders) with another tool to hedge the price risk of spot Bitcoin in an efficient and low-cost way.

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