
The CME micro options for Bitcoin and Ether finally have gone live which will encourage investors with smaller wallets to participate in the crypto derivatives trading.
CME Group is a diverse derivatives marketplace that manages risk and capture opportunities.
CME Group Inc. (Chicago Mercantile Exchange, Chicago Board of Trade, New York Mercantile Exchange, The Commodity Exchange) is an American global markets company. It is the world’s largest financial derivatives exchange, and trades in asset classes that include agricultural products, currencies, energy, interest rates, metals, stock indexes and cryptocurrencies futures. The company offers futures contracts and options on futures using its CME Globex trading platforms, fixed income trading via BrokerTec and foreign exchange trading on the EBS platform. In addition, it operates a central counterparty clearing provider, CME Clearing. With a range of pre- and post-trade products and services underpinning the entire lifecycle of a trade, CME Group also offers optimization and reconciliation services through TriOptima, and trade processing services through Traiana.
The company has been described by The Economist as, “The biggest financial exchange you have never heard of”. In 2019, CME Group was named the world’s fastest growing and most valuable exchange brand for the sixth consecutive year by Brand Finance, while it had the fifth greatest brand strength.
The CME micro options for Bitcoin and Ether finally have gone live which will encourage investors with smaller wallets to participate in the crypto derivatives trading.
Google will also benefit from the deal as it gives the company a hedge in the financial services sector.
The advent of the Micro Ether Futures from CME Group is a move in the right direction towards attracting mainstream financial traders into the digital currency ecosystem.