The Chicago Mercantile Change Group (CME) has revealed that within the first month of the 12 months, its crypto contracts noticed a mean each day quantity (ADV) of 198,000 with a notional worth of $13.6 billion.
The CME detailed in a press release on Tuesday that year-over-year, its cryptocurrency ADV rose 180% as its micro bitcoin (BTC) futures registered a 255% rise, whereas its micro ether (ETH) futures contracts jumped 223%.
Whereas the alternate’s bitcoin and ether futures contracts have a notional worth of 5 BTC and 50 ETH, respectively, their micro contracts symbolize simply 0.1 of every cryptocurrency, permitting for extra exact buying and selling and threat administration given their smaller measurement.
On high of its full-sized and micro contracts for the highest two cryptocurrencies by market capitalization, the CME additionally presents merchants choices on these contracts. These choices allow extra advanced methods to fine-tune their threat publicity.
Choices contracts present merchants with the precise, however not the duty, to purchase or promote cryptocurrency futures at a predetermined worth on or earlier than a selected date.
The futures alternate recorded a complete ADV of 25.7 million contracts in January.
Simply final week, the CME Group introduced it’s eyeing the introduction of options on Bitcoin Friday Futures (BFF) from Feb. 24, though these are pending regulatory approval.
Add comment