World’s largest derivatives exchange CME has announced plans to launch Micro Ether Futures trading as part of its plans to expand crypto derivatives offerings. The offering, which is pending regulatory approval, is scheduled to launch on December 6.
Similar to micro BTC futures, micro Ether futures will be sized at 1/10th of one ETH enabling access to active, individual investors.
CME’s Ethereum futures, launched in February this year, have a minimum contract size of 50 ETH ($222,000), resulting in participation from mostly institutional and large-scale investors. As per the announcement, more than 675,500 Ether futures contracts have been traded on CME so far.
“Since the launch of Ether futures in February, we have seen steady growth in liquidity in these contracts, especially among institutional traders,” noted Tim McCourt, global head of equity index and alternative investment products at the CME Group, in the company’s statement. He added:
“At the same time, the price of ether has more than doubled since these contracts were introduced, creating demand for a micro-sized contract to make this market even more accessible to a broader range of participants. Micro Ether futures will offer even more choice and precision in how they trade Ether futures in a transparent, regulated and efficient manner at CME Group.”
As stated, CME offers a host of crypto offerings including Ether futures, Bitcoin futures, futures options, and micro Bitcoin futures.