This Monday, as CME Group had announced at the end of March, the market launched Bitcoin micro futures, opening the doors to a world of possibilities for all types of investors.
CME Group, the largest and most important derivatives market in the world, announced the launch of its new Bitcoin product: micro futures. At the end of March, CME Group had announced that it would launch micro futures for the cryptocurrency most popular on the market, in order to attract a greater number of investors, with portfolios or investment portfolios of all sizes.
The company notes that micro futures are integrated into its product and service offering, further expanding the options that CME provides investors to expose themselves to the potential of cryptocurrencies and digital assets.
Tim McCourt, global head of CME Group's Equity Index and Alternative Investment Products, said micro futures, which represent one-tenth the size of a bitcoin (1/10 BTC), provide an efficient and cost-effective way to secure exposure. to the benefits of cryptocurrency in the markets, both for institutions, active traders, accredited investors and a wide range of market participants.
McCourt highlighted that Bitcoin micro futures maintain the advantages and benefits of traditional or standard Bitcoin futures. Bitcoin (BTC) at CME Group. In addition, the executive also noted that these will contribute to a constant growth in the liquidity of the derivatives market and increase investor participation in the futures and options products that CME offers for other cryptocurrencies, such as Ethereum (ETH).
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More crypto opportunities for retail traders
One of the main reasons that CME Group points out for launching Bitcoin micro futures is to allow more individual investors and traders to have access to participate in cryptocurrency derivatives markets.
According to JB Mackenzie, managing director of TD Ameritrade Futures and Forex, LLC., today cryptocurrencies enjoy high popularity, which has significantly increased the demand of individual traders and investors for cryptocurrencies and digital assets. Mackenzie assured that the creation and launch of Bitcoin micro futures were an essential need to satisfy the growing demand of investors for this type of products, offering them an accessible investment instrument for all portfolios.
“The launch of Micro Bitcoin futures addresses two of the biggest problems when it comes to investing in cryptocurrencies, namely the high cost and the desire to participate in a regulated environment.”
CME Group has been interested in the cryptocurrency industry since 2019, to meet the real market needs for more granular exposure to cryptocurrencies.
In her report Of financial results for this first quarter, CME group reported revenues totaling $1.300 billion. Terry Duffy, president and CEO of CME Group, said that since the beginning of this year, demand for its products and services has grown exponentially.
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