- Global Derivatives Marketplace CME Group recently announced the launch of options on Micro Bitcoin and Micro Ether futures by the end of the month.
- Akuna Capital is looking forward to providing liquidity on these futures, says John Harris, CEO of Akuna Digital Assets.
- These contracts are to complement the existing Bitcoin options contracts, which were launched in 2020.
The Chicago Mercantile Exchange (CME) Group has recently highlighted in an announcement about its plans to launch options on Micro Bitcoin and Micro Ether futures by March 28.
These new products would offer a tenth of the exposure to the underlying asset and expose the investment products to varied market participants, including institutions, individual traders, etc.
The announcement further highlights that these contracts will complement the Bitcoin options contracts that were launched in 2020, sized at five Bitcoin. And that they would also facilitate the clients to express short and long-term views with a choice of monthly and weekly options expiries.
Futures is basically a contract that needs the investor to sell them on a particular date. In contrast, options facilitate the investor with the right but do not impose an obligation to purchase or sell at a specified time.
The CME group already offers micro-futures for the industry-dominant cryptocurrencies but is now enhancing the options products by providing flexibility.
Tim McCourt, Global Head of Equity and FX Products at the CME Group, underlined that around 5.2 million micro Bitcoin and Ether futures had been traded within a year. And that building on the strength and liquidity of the underlying contracts, their micro-sized options would facilitate users and traders of varied sizes to efficiently hedge market-moving events with higher accuracy and flexibility and fine-tune their crypto market exposure.
According to John Harris, CEO of Akuna Digital Assets, their company is looking forward to providing liquidity to the CME Group options on Micro BTC and ETH futures.
CME is a global derivatives marketplace that allows clients to trade in futures, options, cash, and OTC markets, optimize profits and analyze data. They offer a wide range of products globally across all significant asset classes.
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The post The CME Group is all set to bring out Micro BTC and ETH options appeared first on The Coin Republic: Cryptocurrency , Bitcoin, Ethereum & Blockchain News.
Source: https://www.thecoinrepublic.com/2022/03/26/the-cme-group-is-all-set-to-bring-out-micro-btc-and-eth-options/