CME Group is going to expand its cryptocurrency offerings by adding new choices to its standard and micro-sized Bitcoin and Ether contracts.
contracts. These new contracts will be accessible from 22 May, subject to regulatory approval. Moreover, the expiries will be available every business day from Monday to Friday.
In addition, options on micro-sized Bitcoin and Ether futures contracts will now have Tuesday and Thursday expiries in addition to the existing Monday, Wednesday, and Friday contracts. These new expiries will be added to the existing monthly and quarterly expiries available across all Bitcoin and Ether options on futures contracts.
Through Q1 2023, CME Group’s Bitcoin and Ether futures and options complex have already attained a daily average notional of more than $3 billion. This indicates that client demand for liquid hedging tools is increasing. Other trading achievements for the complex included a record 11,500 contracts and open interest for Bitcoin futures and options in Q1 2023, with a record average of 24,094 contracts.
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