CME Group Reports over 1 Million Micro Bitcoin Futures Contracts Traded Since Launch

CME Group, the world's leading and most diverse derivatives marketplace, recently announced that Micro Bitcoin futures volume has surpassed 500,000 contracts on Friday, June 25.

Let's recall that, the US derivatives giant officially launched Micro Bitcoin futures on May 3, 2021​. Its volume surpassed 100,000 contracts​ in the first six days of trading, and 500,000 contracts​ in its first month.

These contracts are one-tenth the size of one bitcoin and are cash-settled on the basis of CME CF Bitcoin Reference Rate. Micro Bitcoin futures are listed on and subject to the rules of CME. 

Tim McCourt, CME Group Global Head of Equity Index and Alternative Investment Products, commented, "We continue to see strong customer demand and rapid uptake in our new Micro Bitcoin futures contract since their introduction a little more than a month ago. At one-tenth of one bitcoin, this micro-sized contact is designed to provide market participants – from institutions to smaller, sophisticated, active traders – with another tool to hedge their spot bitcoin price risk or execute bitcoin trading strategies in an efficient, cost-effective and easily accessible way."

As Fazzaco reported earlier, CME Group has announced that Bloomberg Terminal now offers FX Link’s market data and order entry functionality​ to allow market participants to electronically access pricing, liquidity and trading for FX swaps in G5 currency pairs.