BitcoinBitcoin FuturesBitcoin NewsbtcusdBTCUSDCBTCUSDTCMENewsxbtusd

CME Group Announces Plans To Debut Micro Bitcoin Futures In May

One of the world’s largest derivatives exchanges, the Chicago Mercantile Exchange (CME), is planning to launch micro bitcoin futures contracts in May, thus enabling traders to speculate on fractional units of BTC. CME’s new product is, however, pending approval from U.S. regulators.

CME Group Expands Bitcoin Offering To Include Small-Sized Futures

According to an official announcement on March 30, the new offering will be one-tenth the size of one bitcoin. For perspective, the standard CME futures contract is sized at 5 BTC (equivalent to $295,000). In contrast, the new micro futures contract will be worth 0.1 BTC — or $5,900.

These micro futures contracts will provide institutional investors and small individual traders another tool to hedge their bitcoin price risk and will be cash-settled against the CME reference rate that includes data from major crypto exchanges like Coinbase, Gemini, Kraken, itBit, and Bitstamp.

Tim McCourt, CME Group’s global head of equity index and alternative investment products, explained that the new product is being launched in response to high demand for smaller contracts from a wide range of clients.

“The introduction of Micro Bitcoin futures responds directly to demand for smaller-sized contracts from a broad array of clients and will offer even more choice and precision in how participants can trade regulated Bitcoin futures in a transparent and efficient manner at CME Group.”

It should be noted that the micro futures come with all the features and advantages of the exchange’s normal bitcoin futures that were launched in December 2017.

Earlier in February, …
Story continues on Zycrypto

Related posts
Bitcoin FuturesBitcoin PriceCointelegraph.comCryptocurrenciesCryptocurrency ExchangeDerivativesFuturesMarket AnalysisMarkets

Bitcoin futures premium hits 30% but analyst says 'This time it’s different’

Futures traders are using excessive leverage and historical data shows Bitcoin price crashes tend to occur after the futures premium reaches 30%. March 30 could become a historical day that will be remembered by Bitcoin (BTC) fans for a long…
AltcoinsAnalysisHideCryptopanicNewsNews 1SocialTrading View

Litecoin, Augur, Verge Price Analysis: 30 March

Litecoin attempted to reclaim the level above $197.18 and could surge towards its $207.4-resistance in a bullish outcome. Augur gave mixed signals as the price closed in on the upper ceiling at $44.37The post Litecoin, Augur, Verge Story continues on…

Chipotle Will Run $100,000 Bitcoin and Burrito Giveway

Mexican food restaurant chain Chipotle will give away more than $100,000 in Bitcoin as part of an upcoming online promotion. Promotion Begins April 1st Chipotle partnered with entrepreneur Stefan Thomas, who lost more than $387 million in Bitcoin earlier this…