The new contract is worth one-tenth the size of a single Bitcoin.
The Chicago Mercantile Exchange, or CME, has officially launched its newest Bitcoin (BTC) derivatives product, setting the stage for wider mainstream adoption of digital assets. TIm McCourt, CME Group’s global head of equity index and alternative investment products, said the new product will provide “an efficient, cost-effective way for a broad array of market participants — from institutions to sophisticated, active traders — to fine-tune their bitcoin exposure and enhance their trading strategies.”The Micro Bitcoin futures contract is worth 0.1 BTC, which provides traders with an additional tool to hedge their digital currency price risk. J. B. Mackenzie, managing director of TD Ameritrade Futures and Forex, said Micro Bitcoin futures address the two biggest issues with cryptocurrency investing — “namely, the high cost and the desire to enga
Źródło: https://cointelegraph.com/news/cme-group-introduces-micro-bitcoin-futures
