Chicago Mercantile Exchange Launches Micro-Ethereum Futures Dec. 6

On November 2 local time, the Chicago Mercantile Exchange (CME, "CME Group") announced that it would launch the upcoming Micro Ether on December 6, pending review.

The ETHereum futures contract, launched by CME Group in February, allows investors to contract for a reduced price of 50 ETH. The value of the micro-Ethereum bond is only 1/10 of ETH. Due to their small size, the future micro-end can enhance their Ethereum expansion in new, efficient and cost-effective ways, improving their business strategy while retaining the features and benefits of the larger Ethereum future of the CME group.

First, in response to the rise in Bitcoin prices, CME Group launched MicroBitcoin Futures in May of this year. The aim is to attract potential customers and business organizations through small investments.

A futures contract is the obligation for a trader to buy or sell a property at a special price on a specific future day. It is a large market and the volume of 24 hour futures trading is greater than the volume of volume (buying and buying cryptocurrencies). For example, Binance, the world's largest exchange, has a 24-hour trading volume of $ 34 billion and a derivative trading volume of $ 80 billion.

Tim McCourt, Global Director of Equity Indices and Alternative Investment Products at CME Group, said: “Since the launch of Ethereum Futures in February, we have seen an increase in income from these deals, particularly from equity capital. risk, ”said Tim McCourt, Global Head of Equity Indices and Alternative Investment Products at CME Group. Ethereum costs are higher. more than double since inception of contract, creating demand for smaller contracts, making this company more recognizable to participants, as well as monitoring and supervision. being efficient offers more options and more precision. "

The CME Group now has more than 20 micro-products, including petroleum micro-products and future micro-E-mini products. The micro-Bitcoin futures market is doing well, with 2.7 million contracts traded since its inception in May. Under the pre-sample micro crude oil deal, 4.6 million contracts have been traded since its inception in July.