Tech

Exchange operator CME to launch ‘micro’ versions of bitcoin, ether options

FILE PHOTO: Men walk into CME Group offices in New York
FILE PHOTO: Men walk into the CME Group offices in New York, U.S., October 18, 2017. REUTERS / Brendan McDermid

March 1, 2022

(Reuters) – Futures exchange operator CME Group Inc is planning to roll out bitcoin and ether micro options later this month to increase its appeal to retail traders, the company said. on Tuesday.

The contracts will be 1/10th the size of the two largest cryptocurrencies and will be available to both institutional and individual traders. They will launch on March 28, pending regulatory review.

Options contracts are used by traders to both protect themselves against large movements in stock prices and to speculate on the direction of price movement.

Despite a march going mainstream, crypto prices have fluctuated wildly over the past year as central banks signal the end of pandemic-era stimulus and chart interest rate hikes. interest rate to control abnormal inflation.

CME last year launched “micro” versions of bitcoin and ether futures. A futures contract is a contract that obliges the holder to buy or sell an asset on a specific date.

(Reporting by Niket Nishant in Bengaluru; Editing by Aditya Soni)

https://www.oann.com/exchange-operator-cme-to-launch-micro-versions-of-bitcoin-ether-options/?utm_source=rss&utm_medium=rss&utm_campaign=exchange-operator-cme-to-launch-micro-versions-of-bitcoin-ether-options Exchange operator CME to launch ‘micro’ versions of bitcoin, ether options

Emma Bowman

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