CME Group, which is the largest derivatives market in the world, today reported that it has launched an option offer for futures in micro form for Bitcon (BTC) and Ethereum (ETH). This further increases the number of crypto -related products offered by the company.
For the liquidity process for this new product will be provided by Galaxy Digital. Galaxy will be the mainstay of this institution for the crypto sector and at the same time provide liquidity services to several major banks offering crypto products.
CME in today’s launch stated that the supply of more products is in reaction to meeting the growing demand for crypto. This product aims to offer traders and investors greater flexibility in maintaining crypto exposures in their portfolios.
BTC and micro ETH represent about one-tenth of 1 BTC or 1 ETH and therefore it can be said that they represent much lower trading value. In addition, changes in micro prices can also be a good indicator of how retail sentiment is in the market as most of them are more inclined to micro investments.
CME currently offers derivatives on BTC and ETH only. Yet given the growing interest, it may follow in the footsteps of asset managers like Grayscale and CoinShares in offering more crypto options.
The contract will be open to various types of customers, ranging from institutions to retail investors. Recently, Goldman Sachs also stated that it will start offering specific crypto derivatives products to its customers.
