Chicago Mercantile Exchange (CME) Group announced the launch of Micro Ether Futures on 6 December 2021. CME is the world’s leading and most diverse derivatives marketplace. Therefore, launching the Micro Ether futures is an expansion of its cryptocurrency suite. This marks its second micro-cryptocurrency project this year.
The Micro Ether futures size is one-tenth of an Ether. It provides a cost-effective and efficient market for participants ranging from individual traders, active traders to sophisticated institutions. The futures helps to give traders superior trading strategies while at the same time retaining the benefits and features; among the advantages is that CME provides large-sized Ether futures for trading.
Tim McCourt, the Group Global Head of Equity Index and Alternative Investment Products at CME, says that launching the futures marks significant growth and liquidity in the cryptocurrency options and futures.
CME offers a wide range of products, enabling institutional investors and active traders to take advantage of trading opportunities while minimizing price risks across markets. According to Steve Sanders, the Executive Vice President of Marketing and Product Development at Interactive Brokers, investor demands for digital assets are growing. Therefore, CME is proud to be able to fill in the gap.
Bob Fitzsimmons, Executive Vice President at Wedbush Securities, says that Wedbush will also continue to support the evolution of cryptocurrency derivatives. According to Bob, Micro Ether futures timing is correct because it is providing products to the new retail market participants while at the same time providing institutional asset managers with more tools to track performance.
TradeStation also proudly supports CME for launching the new Micro Ether futures. According to TradeStation, demand for micro contracts and Ether is growing. In addition, CME is helping to fill in the gap by lowering the entry barrier and providing traders with increased exposure to Ether.
Other Cryptocurrency Options CME Group Offers
CME offers several cryptocurrency options and futures, including the Micro Ether futures which is its newest release. With CME, you can expand your choices for managing cryptocurrency exposure with;
- Bitcoin futures and options,
- Micro Bitcoin futures,
- and Micro Ether futures.
Characteristics of the Ether Micro Futures include,
- Cost-effectiveness.
- Efficiency.
- Transparency.
You can also enjoy greater capital efficiency in cryptocurrency trading using better price discovery in a transparent futures market.
Cryptocurrency Futures
The future is a cryptocurrency, and institutions such as CME taking a leap towards that direction only affirms this statement further. In conclusion, CME offers Micro Bitcoin features, and adding Ether onto its portfolio is a path in the right direction.