CME launches Micro Ether futures trading for retail investors
Global derivatives marketplace Chicago Mercantile Exchange (CME) has officially launched Micro Ether futures trading on December 6th, a month after announcing the move.
The new product comes as an extension to its crypto derivative offerings provided by the exchange, including micro Bitcoin futures, Bitcoin futures, options on Bitcoin futures, and Ether futures.
The newest member of the CME Group cryptocurrency product family has arrived. Micro Ether futures are available for trading. https://t.co/bJoZWA7qZz
— CME Group (@CMEGroup) December 6, 2021
With a minimum contract size of 0.1 ETH, the cash-settled Ether product will offer better exposure to retail investors. CME’s Ethereum futures, launched in February this year, have a minimum contract size of 50 ETH, an offering mainly targeted at institutional and high-net-worth individuals.
In an announcement made Monday, Tim McCourt, CME Group Global Head of Equity Index and Alternative Investment Products said in a statement:
“Sized at one-tenth of one Ether, Micro Ether futures will provide an efficient, cost-effective way for a range of market participants – from institutions to sophisticated, active, individual traders – to hedge their spot Ether price risk or more nimbly execute Ether trading strategies, all while retaining the features and benefits of CME Group’s larger-sized Ether futures.”
CME had also started offering Micro Bitcoin Futures (MBT) to individual investors in the past. With the launch of Micro Ether Futures trading, CME is likely seeking to expand its crypto product offering micro futures trading of cryptocurrencies.
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