Leading derivatives platform, CME Group launches ‘micro-Bitcoin’ futures.
Each micro derivative is a tenth of a whole Bitcoin (BTC).
In a press release on Monday, CME Group, one of the leading crypto derivatives platform, announced the launch of micro-Bitcoin futures to its crypto derivatives platform. Pending regulatory review and acceptance, the new micro-BTC futures will be launched on CME later this year in May.
“Micro Bitcoin” futures to be Tenth the Size of on Bitcoin
The micro-Bitcoin futures are aimed at giving investors smaller portions to place their bets on Bitcoin. Each micro future will be a tenth the size of one Bitcoin, the statement states, “giving users one more tool to hedge their spot Bitcoin price risk”.
Additionally, the micro-BTC futures will offer similar features to CME’s current standard Bitcoin futures in a cost effective and efficient way.
Tim McCourt, CME Group’s Global Head of Equity Index and Alternative Investment Products, stated the
