Chicago Mercantile Exchange to launch options futures based on Bitcoin and Ethereum

The trading will begin on March 28, 2022, after regulatory approval

02.03.2022 - 10:05

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What’s new? The Chicago Mercantile Exchange (CME) is launching micro futures options based on Bitcoin and Ethereum. The exchange says in a press release that trading will begin on March 28, 2022, following the regulators’ approval. Options, unlike conventional futures, give the holder the right, but do not oblige him, to buy or sell assets at a price specified in the contract in advance.

CME’s press release

How does CME handle cryptocurrency? The exchange’s press release says:

“Building on the strength and liquidity of the underlying contracts, our micro-sized options will enable traders of all sizes to efficiently hedge market-moving events with greater precision and flexibility or fine-tune their cryptocurrency market exposure.”

Back in 2021, CME launched Micro Bitcoin futures (MBT) and Micro Ether futures (MET). Both contracts represent a tenth of an underlying asset. For the entire period of circulation of the tools, a total trading volume has exceeded 5,2 million contracts.

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