CME Micro Bitcoin

March 30,2021 @07:38 AM

Coming May 3rd: Micro Bitcoin futures*

The CME Group announced today that they will be adding to their suite of crypto derivatives with the Micro Bitcoin contract on May 3rd, 2021.

The newest crypto product, fresh off its recent launch of Ether Futures, will be on-tenth the size of one bitcoin (0.10 bitcoin).  Compared to the current bitcoin contract (composite of 5 bitcoins), this may help investors test the market without the high initial investment.

“Since the launch of our Bitcoin futures contract in 2017, we have seen steady, ongoing growth of liquidity and market participation in our crypto derivatives, especially among institutional traders,” said Tim McCourt, CME Group Global Head of Equity Index and Alternative Investment Products. “The introduction of Micro Bitcoin futures responds directly to demand for smaller-sized contracts from a broad array of clients and will offer even more choice and precision in how participants can trade regulated Bitcoin futures in a transparent and efficient manner at CME Group.”

The newest crypto contract will be financially settled, based on the CME CF Bitcoin Reference Rate, which serves as a one-a-day reference rate of the US dollar price of bitcoin.  Micro Bitcoin futures will be listed on the CME and subject to their rules.

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* Subject to regulatory review