CME Group Reports over 100,000 Contracts Traded

Leading derivatives marketplace CME Group announced that Micro Bitcoin futures volume surpassed 100,000 contracts in the new contract's first six days of trading.

Earlier this month​, CME Group announced the launch of Micro Bitcoin futures with the aim of further expanding its suite of crypto derivatives offerings as well as responding to the demands of clients.

At 1/10th of one bitcoin in size, Micro Bitcoin futures offer an efficient, cost-effective way for traders to fine-tune their bitcoin exposure and enhance their trading strategies, all while retaining the benefits of CME Group's existing Bitcoin futures contract.

Micro Bitcoin futures are cash-settled to the CME CF Bitcoin Reference Rate, which serves as a once-a-day reference rate of the U.S. dollar price of bitcoin. 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, said, “We are pleased to see strong customer adoption and support for our new Micro Bitcoin futures contract early on. Together with our existing, full-sized Bitcoin futures, this new, smaller contract further strengthens our ability to help a broad array of clients – from institutions to sophisticated, active traders – to manage their bitcoin price risk.”