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CME’s Micro Bitcoin, Hits Over A Million Contracts In Less Than Two Months

CME’s Micro Bitcoin, Hits Over A Million Contracts In Less Than Two Months

CME Creates A Milestone

Chicago Mercantile Exchange’s, or better known as CME Group, micro bitcoin futures have already surpassed a million contract mark. They have hit big in terms of impacting the crypto market. There was a need for a more granular bitcoin exposure, and now thanks to CME, that void is getting filled.

Micro-Bitcoin Future

This is a huge achievement due to the trading of over a million micro-bitcoin futures, considering this is such a young concept. CME launched its micro-bitcoin back in May. This instrument subsequently allows traders to invest in assets at a lower price point of 0.1 BTC. This opened the regulated crypto derivatives market to micro investors. CME has addressed two major worries for possible crypto investors, high price point entry in addition to regulated instruments, with its release.

Impact In Future

This new pricing point strategy, devised through CME, is extremely competitive. In conclusion, this would push many new customers and potential new investors to enter more regulated platforms. Even though derivates are still more prevalent in unregulated platforms, we might see a wind of change in the future.

Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Crypto is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Crypto market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.