On May 3, the Chicago Mercantile Exchange (CME Group) launched trading in a new instrument based on the first cryptocurrency – Micro Bitcoin futures.
Coming May 3 – get ready for the launch of Micro Bitcoin futures with a video series on contract basics, how it compares to the larger Bitcoin futures, and different ways to use it. https://t.co/goMk7rij9z pic.twitter.com/XCz7spr7qF
– CME Group (@CMEGroup) May 2, 2021
The cost of a new futures under the ticker MBT, settled in cash, is a tenth of a bitcoin.
When announcing the instrument in March, CME said that the smaller contract would hedge price risks in the spot market and implement trading strategies “in an efficient and cost-effective manner.”
Recall that on January 13, the exchange opened trading in bitcoin options. On February 8, the platform added Ethereum futures, the trading volume of which exceeded $ 30 million on the first day.
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