Micro Ether Futures now live on CME Group 🚨 This article is 3 years old...
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Micro Ether Futures now live on CME Group
CME Group derivatives platform will now support micro Ether futures alongside its micro BTC futures.
2 min read
Updated: Dec. 8, 2021 at 9:29 pm UTC
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
Chicago Mercantile Exchange (CME) Group has expanded its crypto derivatives offerings by launching Micro Ether Futures. The number one and most diverse marketplace for derivatives has now launched two micro cryptocurrency products in this year alone.
CME launches micro Ether futures
According to the global head of Equity Index and Alternative Investment Products, Tim McCourt, the Micro Ether launch shows the growth and liquidity of cryptocurrency futures and options.
Micro Ether units will be one-tenth (0.1) of the Ether, and this futures product allows several market participants to hedge the price risk of their spot Ether.
It also provides a more flexible way to execute trading strategies for Ether without losing the features of the larger-sized Ether Futures on CME.
Other key stakeholders have also expressed how Micro Ether futures falls within the CME Group goal of offering the best trading options for users. According to the Executive Vice President of Marketing and Product Development at Interactive Brokers, Steven Sanders, the wide range of futures products on the CME Group gives active traders and institutional investors the chance to take advantage of market opportunities with less exposure to risks across markets.
The Micro Ether futures product further shows CME Group’s status as an innovator and market leader. The Group offers the most diverse categories of assets derivatives for clients. It enables clients to trade options, future, OTC, and cash while allowing them to optimize their portfolios and analyze data.
Ethereum’s price still trading sideways
While the announcement is over 24 hours old, the value of Ethereum and other digital assets have not reacted positively to the news as the market keeps trading sideways.
According to Ethereum data on CryptoSlate, Ethereum has seen its value rise by close to 4% in the last 24 hours. However, within the last seven days, ETH’s value dropped to as low as $3700 —during this period, the wider crypto market also experienced a massive drop in price.
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Oluwapelumi Adejumo
Oluwapelumi values Bitcoin's potential. He imparts insights on a range of topics like DeFi, hacks, mining and culture, underlining transformative power.
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CME Group is a global markets company empowering participants to efficiently manage risk and capture opportunities in every major asset class..