The Chicago Mercantile Exchange Group (CME) revealed that in the first month of the year, its crypto contracts found an average sun -sun volume (Adv) of 198,000 with an unknown value of $ 13.6 Billion.
The CME detailed in a Press release On Tuesday of the year-on year, the cryptocurrency Adv rose 180% because its Bitcoin micro (BTC) futures registered a 255% increase, while micro ether (ETH) futures contracts jumped of 223%.
While Bitcoin and Ether Futures contracts have a notional value of 5 BTC and 50 ETH, respectively, their micro contracts represent only 0.1 of each cryptocurrency, allowing more accurate management to trading and risk provided by their smaller size.
At the top of the full size and micro contracts for the top two cryptocurrencies through market capitalization, CME also offers entrepreneur options in these contracts. These options allow more complex techniques to properly exposure to risk.
Option contracts provide merchants correctly, but not the obligation, to buy or sell cryptocurrency futures at a predetermined price at or before a certain date.
The Futures Exchange recorded a total of 25.7 million contracts in January.
Just last week, the CME team announced seeing the eye Introduction of Bitcoin Friday Futures (BFF) Options From Feb. 24, although these are pending the regulation of regulation.
