Express
CME Group to Release Micro BTC and ETH Options
Summary: CME Group announced on Tuesday that it plans to launch futures options contracts for its micro Bitcoin (BTC) and Ether (ETH) futures that will be 10% of the respective tokens. Upon regulatory review, the futures options will start trading on March 28, which is more than two years after the firm launched a BTC options ...
CME Group announced on Tuesday that it plans to launch futures options contracts for its micro Bitcoin (BTC) and Ether (ETH) futures that will be 10% of the respective tokens.
Upon regulatory review, the futures options will start trading on March 28, which is more than two years after the firm launched a BTC options trading product in January 2020.
“Building on the strength and liquidity of the underlying contracts, our micro-sized options will enable traders of all sizes to efficiently hedge market-moving events with greater precision and flexibility or fine-tune their cryptocurrency market exposure," said CME Group’s global head of equity and FX products, Tim McCourt.
Both the micro Ethereum and Bitcoin futures contracts are sized at 0.1 their respective coins. Ethereum futures contract launched in December, while the Bitcoin futures contract launched in May of last year.
According to the Chicago Mercantile Exchange(CME) Group, the minimum criteria for options are 10 contracts for micro BTC and 100 for micro ETH.
This announcement comes after the more than 15% rise of BTC within the last 7 days. In addition, ETH has seen almost the same increase. According to Cointelegraph, the increase could be due to the sanctions Russia has received and their possible attempt to circumvent them through digital assets.
