CME Group (CME) Micro Bitcoin Futures Surpass 500,000 Contracts Traded
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Micro Bitcoin Futures Surpass 500,000 Contracts Traded
May 26, 2021 5:30 PM EDTCHICAGO, May 26, 2021 /PRNewswire/ --Â CME Group, the world's leading and most diverse derivatives marketplace, announced that Micro Bitcoin futures volume surpassed 500,000Â contracts on Monday, May 24.
"We are pleased with the strong uptake and support we have seen for this new contract so early on in its first month," said Tim McCourt, CME Group Global Head of Equity Index and Alternative Investment Products. "At one-fiftieth the size of our larger Bitcoin futures, this new, smaller contract allows traders of all sizes to better manage their bitcoin price risk in an efficient, cost-effective way."
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