CME Group Announces Launch of Micro-Sized Bitcoin and Ether Options

Published on: 28.03.2022

CME Group, the world’s leading derivatives marketplace, has launched options on Micro Bitcoin and Micro Ether futures, further expanding its suite of cryptocurrency derivatives offerings.

Options on Micro Bitcoin and Micro Ether futures will complement CME Group’s diverse slate of more than 20 Micro products, which, together, have traded more than 1.2 billion contracts since their introduction.

As the world’s leading derivatives marketplace, CME Group enables clients to trade futures, options, cash and OTC markets, optimize portfolios and analyze data – empowering market participants worldwide to efficiently manage risk and capture opportunities. CME Group exchanges offer the widest range of global benchmark products across all major asset classes based on interest ratesequity indexesforeign exchangeenergyagricultural products and metals.  The company offers futures and options on futures trading through the CME Globex platform, fixed income trading via BrokerTec and foreign exchange trading on the EBS platform.  In addition, it operates one of the world’s leading central counterparty clearing providers, CME Clearing.

Tim McCourt, CME Group Global Head of Equity and FX Products said:

“The launch of these micro-sized options builds on the significant growth and liquidity we have seen in our Micro Bitcoin and Micro Ether futures.” “Sized at one-tenth of their respective underlying tokens in size, these contracts will offer a wide range of market participants – from institutions to sophisticated, active, individual traders – greater flexibility and precision to manage their exposure to the top two cryptocurrencies by market capitalization.”

Robert Bogucki, Managing Director, Global Co-head of Trading at Galaxy Digital Holdings Ltd said:

“CME Group Micro Bitcoin and Micro Ether options are an important step in the development of a thriving marketplace for institutions and sophisticated investors who want crypto exposure in a regulated environment.” “The smaller contract sizes will give investors and traders greater flexibility in managing their exposure to the two biggest cryptocurrencies in the world, opening the market up to new participants. Galaxy Digital is excited to act as a liquidity provider for these options and other CME Group cryptocurrency products.”

Steve Sanders, EVP of Marketing and Product Development at Interactive Brokers said:

“We continue to see interest in cryptocurrency exposure from our active trader and institutional investor clients.” “CME Group’s Micro Bitcoin and Micro Ether options will certainly benefit our clients seeking enhanced flexibility to participate in cryptocurrency markets with less upfront cost, and we are excited to add these offerings to the wide range of global products currently available on our platform.”

Derek Devens, Senior Portfolio Manager, Option Group, at Neuberger Berman said:

“We are excited for CME Group’s new Micro Cryptocurrency options offering as it will better align the listed cryptocurrency options market with the average crypto investor’s exposure.” “We expect the pioneering exchange-traded, centrally cleared offering will appeal to over-the-counter cryptocurrency options market participants and facilitate increased market liquidity and price stability across cryptocurrency futures and options in U.S. listed markets. CME Group’s continued innovations represent an essential step towards building an enduring cryptocurrency ecosystem.”

About CME Group

CME Group is the world’s leading and most diverse derivatives marketplace. CME Group exchanges offer the widest range of global benchmark products across all major asset classes, including futures and options based on interest rates, equity indexes, foreign exchange, energy, agricultural commodities, metals, weather and real estate.

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