CME New Bitcoin Futures
CME (Chicago Mercantile Exchange), a major US derivative exchange, started trading Micro Bitcoin (BTC) futures on the 3rd.
They’re here: Micro-sized #bitcoin with major possibilities. Trade Micro Bitcoin futures, providing precise market exposure through contracts sized at 1/10 of one bitcoin.
— CME Group (@CMEGroup) May 3, 2021
It will be the third cryptocurrency futures in addition to the crypto assets (cryptocurrency) Bitcoin futures and Ethereum (ETH) futures that we have already provided.
Micro Bitcoin futures (ticker symbol: MBT) are made for small investors, etc., and the minimum lot of futures is a 1/10 contract. Since the minimum lot of existing CME Bitcoin futures is 5 BTC, large investors and institutional investors were the main customers.
CME CEO Terry Duffy said at a financial results briefing the other day that the margin of microbitcoin futures is 2% (11 million to 220,000 yen) of conventional bitcoin futures, so he expects a customer base and market expansion. Was showing.
Relation: Expectations for Micro Bitcoin futures at CME financial results briefing
It was announced at the end of March that Micro Bitcoin futures will be offered. CME has been offering Bitcoin futures trading since December 2017 and has been used as a way for institutional investors to have an exposure in the Bitcoin market, alongside Bakkt’s Bitcoin futures and grayscale Bitcoin investment trusts. ..
The trading volume of Micro Bitcoin futures on the first day is about 7,000 contracts.
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“Cryptocurrency” means “cryptographic assets”