• CME Group in Chicago, one of the world’s largest derivatives marketplaces, will be expanding its Ethereum and bitcoin-based options with contracts expiring every day from Monday through Friday.
• The new contracts will offer greater precision and versatility for managing short-term bitcoin and ether price risks.
• CME Group has achieved a record daily average rate of more than $3 billion, suggesting that more individuals are seeing cryptocurrencies as valid tools for their portfolios.
CME Group Expands Bitcoin & Ether Options
The CME Group, one of the world’s largest derivatives marketplaces based in Chicago, is expanding its Ethereum and bitcoin-based options contracts to allow expiries every day from Monday through Friday. This gives market participants greater precision and versatility for managing short-term bitcoin and ether price risks.
Record Daily Average Rate
The CME Group has achieved a record daily average rate of more than $3 billion, showing that cryptocurrencies are becoming increasingly accepted as viable tools for people’s portfolios. In Q1 of 2023 alone, there were over 11,000 contracts traded.
Increased Market Volatility
A backdrop of increased market volatility in the digital asset sector means traders are turning to regulated venues like the CME Group for reliable and efficient cryptocurrency risk management products.
Precise Liquidity Delivery
With the addition of Tuesday and Thursday micro-options contracts as well as weekly standard-size contracts, institutional market makers such as XBTO can deliver precise liquidity to traders hedging cryptocurrency exposures spanning each business day throughout the week.
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