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Chicago Mercantile Exchange enables bitcoin and ether options

On the Chicago Mercantile Exchange (CME), investors with a smaller wallet can now locate micro-sized bitcoin and ether futures options. The new offering, which went live on Monday, includes contracts for a tenth of a bitcoin (BTC) or one ether (ETH).

According to the company’s website, these services will allow “market players to efficiently hedge market-moving events with greater precision and flexibility.” Instead of real crypto, the options settled on liquid micro-bitcoin and micro-ether futures. According to the corporation, they have cheaper dollar rates due to smaller contract amounts.

Investors can choose between a long-term or a short-term plan, with monthly and weekly alternatives available. The new product was launched by CME earlier this month. This FAQ page contains further information about it. CME Group (www.cmegroup.com) is the world’s premier derivatives marketplace, enabling clients to trade futures, options, cash and OTC markets, optimise portfolios, and analyse data, enabling market players throughout the world to effectively manage risk and capture opportunities. CME Group exchanges provide the broadest range of global benchmark products based on interest rates, equity indexes, foreign exchange, energy, agricultural products, and metals across all major asset classes.

 The company uses the CME Globex® platform to trade futures and options on futures, as well as BrokerTec for fixed income trading and the EBS platform for foreign exchange trading. CME Clearing, one of the world’s top central counterparty clearing companies, is also part of the company. The new product was launched by Chicago Mercantile Exchange (CME) earlier this month. This FAQ page contains further information about it.

Read more: El Corte Inglés and Deloitte team up to launch a Crypto exchange

Kunal Krishan
Kunal is an investment space writer who firmly believes investment is something which should not be a choice but a part of everyone's life.
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