(AGENPARL) – ven 25 giugno 2021 News Release Issued: Jun 25, 2021 (1:24pm CDT)
Micro Bitcoin Futures Surpass 1 Million Contracts Traded
CHICAGO, June 25, 2021 /[PRNewswire](http://www.prnewswire.com/)/ — CME Group, the world’s leading and most diverse derivatives marketplace, announced that Micro Bitcoin futures volume surpassed 1 million contracts on Friday, June 25.
“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,” said Tim McCourt, CME Group Global Head of Equity Index and Alternative Investment Products. “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.
“This is a tremendous achievement for a contract that was just launched seven weeks ago,” said Brooks Dudley, Global Head of Digital Assets at ED&F Man Capital Markets. “We’ve seen more institutional volume than we anticipated, which shows that the timing was right for a smaller bitcoin contract.”
“The addition of Micro Bitcoin futures has further opened the door for active retail traders across asset classes to enter the futures marketplace,” said Martin Franchi, CEO of NinjaTrader Group, LLC. “We have seen the fast rise in popularity of this new micro contract among the NinjaTrader user community correlate with growing demand from cryptocurrency traders interested in the opportunity to diversify and leverage professional tools in their trading.”
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SOURCE CME Group
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