After launching Micro Bitcoin futures in May, the Chicago Mercantile Exchange (CME) is expected to launch Ethereum micro futures on December 6. The Micro Ether futures will be one-tenth the size of an Ethereum coin.
According to the marketplace, investors will be able to trade much smaller amounts with this than with current Ethereum futures.
CME's Micro Bitcoin futures had 1 million contract trades by the end of June. The CME Group launched Ether Futures in February, and contract liquidity has steadily increased. In May of this year, the exchange launched its Micro Bitcoin future, which had 2.7 million contracts traded as of November.
The CME Group's bitcoin futures are based on prices from five cryptocurrency exchanges. Futures lock in the Bitcoin price, but they differ from the current spot price of bitcoin. Any ETF that is based on futures can underperform the underlying asset that it is supposed to track.
CME Group's global head of equity index and alternative investment products, Tim McCourt states, “Since the launch of Ether futures in February, we have seen a steady growth in liquidity in these contracts, especially among institutional traders,”
He adds, “At the same time, the price of ether has more than doubled since these contracts were introduced, creating a demand for a micro-sized contract to make this market even more accessible to a broader range of participants.” Read More...
Recently, CME's bitcoin futures market has soared to nearly $ 1 billion for the open interest (number of open contracts).
Specifically, at 948 million USD, the highest level ever.Launched in 2017, CME's bitcoin futures has recorded many impressive gains to date.Our article is deeply updated: bitcoin to paypalIndeed, throughout 2020, especially since July, the total open interest across all bitcoin futures markets has steadily increased from around $ 2 billion in mid-March to nearly $ 6 billion in the recent test.
.Of all the bitcoin futures market, however, CME stands out, as CME is in the top of the largest derivative market for independent traders and institutional investors in the US.Joshua Lim, head of derivatives at Genesis Global Trading, said that “With the strong growth of open interest for bitcoin futures, interest in the bitcoin futures market is increasing from institutional investors "bitcoin futures cme"Since the price of bitcoin rose above $ 10,000 has driven the bitcoin futures market to increase dramatically in terms of the number of participants, especially the rise in participation," said an executive director of a US crypto exchange.
general about institutional investor interest in bitcoin ”Currently a lot of institutional investors are expressing their interest in bitcoin futures because it is easier to access bitcoin through exchanges like CME.
* open interest or open contract is the total number of open position contracts that have not been liquidated or due for delivery on the bitcoin futures market (bitcoin futures) .. *
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