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CME Group Launches Bitcoin Micro Futures Trading

On May 3, the Chicago Mercantile Exchange (CME Group) launched trading in a new instrument based on the first cryptocurrency – Micro Bitcoin futures.

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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Fidenge Pecold

My profession is a journalist, but my hobby for 8 years has been studying Forex investing and trading. During this time, I managed to gain extensive experience in investing and trading cryptocurrencies and double my capital in the Forex market. To be the author of this magazine, the site owners invited me to participate in one of the 2020 trading webinars, and I will try to reveal the most relevant crypto market news for you.

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