CME Group, the world's leading derivatives marketplace, recently launched options for micro bitcoin and micro ether futures, further expanding its suite of cryptocurrency derivative offers.
The launch of these micro-sized options is based on the significant growth and liquidity we've seen in our micro bitcoin and micro ether futures, says Tim McCourt, CME Group Global Head of Equity and FX Products. At the size of one-tenth of their respective underlying tokens, these deals will offer market participants a wide range - from institutions to sophisticated, active, individual traders - with greater flexibility and precision to manage their exposure to the top two cryptocurrencies through market capitalization. .
CME Group Micro Bitcoin and Micro Ether Options is an important step in developing a thriving market for organizations and sophisticated investors who want crypto exposure in a controlled environment, says Robert Boguki, Managing Director, Global Co-Head of Trading at Galaxy Digital Holdings. Ltd. The small contract size will give investors and traders more flexibility to manage their exposure to the two largest cryptocurrencies in the world, opening up the market for new participants. Galaxy Digital is excited to serve as a liquidity provider for these options and other CME Group cryptocurrency products.