On May , 3rd 2021, is the day that is mapped out to launch the Micro Bitcoin futures by Chicago Mercantile Exchange, though pending regulatory approval.
A new Bitcoin derivatives product, that will enable traders to speculate on fractional units of the flagship digital currency will be lauched by Chicago Mercantile Exchange.
The Micro bitcoin futures that is about to be launched by CME group on may pending approval by regulators, will be valued at 0.1 BTC. It is an additional tool to aid hedge Bitcoin price risk as opined by CME and the recent contract unit is 5 BTC.
The group head of equity index and alternative investment of CME, Tim McCourt, posited that:
“The introduction of Micro Bitcoin futures responds directly to demand for smaller-sized contracts from a broad array of clients and will offer even more choice and precision in how participants can trade regulated Bitcoin futures in a transparent and efficient manner at CME Group.”