The giant exchange CME Group has launched micro Bitcoin futures, in other words, smaller-scale derivative contracts, opening the door to a wider customer base.

New Bitcoin Product

Micro Bitcoin futures are 1/10 the size of a Bitcoin and are also paid in cash. CME first revealed the product in March.

Tim McCourt, head of the global equity index and alternative investment products of CME Group, made a statement regarding the issue and made the following statements:

“Micro Bitcoin futures enable a wide range of market participants, from institutions to active traders, to shift towards cryptocurrency in a tenth of a Bitcoin. “

Each Micro Bitcoin futures contract will be one tenth the size of a BTC and available to both institutional and retail traders and investors.

The new product will retain all the features of a regular Bitcoin futures contract. In early February, the platform launched Ethereum-based futures.

CME launched standard bitcoin futures contracts in December 2017. This product is among the popular products in the crypto derivative field. CME’s total open position in Bitcoin futures is currently the third largest, with a value of close to $ 2.5 billion.

CME also offers Bitcoin options trading and is currently the second largest bitcoin options exchange by transaction volume.

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