• Bitcoin
  • NFT
  • Binance
  • ETH
  • DeFi
  • Metaverse
  • IDO
  • Coinbase
  • Solana
  • ETF
  • FTX
  • GameFi
Newsletter
  • Home
  • Crypto News
  • Market
  • Learn
No Result
View All Result
  • Home
  • Crypto News
  • Market
  • Learn
No Result
View All Result
CoinLive
No Result
View All Result
Home Crypto News

CME Micro Bitcoin futures surpass 1 million in simply 2 months from launch

189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

[ad_1]

Institutional publicity to cryptocurrencies through derivatives continued to develop within the second quarter, as CME Group’s just lately launched Bitcoin (BTC) microcontract acquired a big enhance through the first two months of trading.

Related articles

Bitcoin is at $67K but analysis warns BTC price could drop 10% next

Bitcoin is at $67K but analysis warns BTC price could drop 10% next

May 20, 2024
Avalanche (AVAX) price is among the few altcoins that have dropped sharply

Avalanche (AVAX) price tag is amid the couple of altcoins that have dropped sharply – Bitcoin News 2024

April 16, 2024

Since its launch on May 3, CME Bitcoin micro futures have exceeded 1 million traded contracts. CME CEO Tim McCourt mentioned the brand new product has been common with establishments and day merchants as it’s an effective way to attempt to hedge Bitcoin’s spot value.

See extra: CME Group formally launches Micro-Bitcoin, the subsequent blow to the cryptocurrency market

This micro-contract is one-tenth the scale of Bitcoin, the worth is 0.1 BTC. For comparability, the principle unit of CME’s Bitcoin futures contract is 5 BTC. Brooks Dudley, international head of cryptocurrencies at ED&F Man Capital Markets, mentioned that now seeing a higher-than-expected quantity of institutional funding coming into the market suggests the timing is correct for a smaller Bitcoin contract.

More exercise within the derivatives market reveals that merchants are hedging their positions. While derivatives trading has elevated institutional publicity to Bitcoin, it has additionally grow to be an intense battle for these trading within the spot market.

Bitcoin price and trading volume at the end of last week.
Bitcoin value and trading quantity on the finish of final week.

Typically, the $ 6 billion expiration of Bitcoin (BTC) and Ethereum (ETH) on May 25 has created vital battle out there, with some merchants anticipating excessive volatility. With the value of BTC down 13.6% from peak to low between June twenty fourth and twenty sixth.

Synthetic foreign money 68

Maybe you have an interest:

Join the chat group Coinlive Chats Now let’s talk about the recent matters of the DeFi market with the Coinlive directors !!!

.

[ad_2]

Tags: BitcoinBitcoin News BitcoinCMEFuturesLaunchMicromillionmonthssurpass
Share76Tweet47

Related Posts

Bitcoin Set for Retest of $100K Support

by shark
June 5, 2025
0

Bitcoin retests $100K support amidst institutional focus. Key psychological levels challenge traders.

Aleo Advances Programmable Privacy in Blockchain

by shark
June 5, 2025
0

Aleo, led by founder Howard Wu, pioneers programmable privacy and advances zero-knowledge smart contracts in blockchain technology.

Chinese Businessman Kidnapped and Ransomed via Cryptocurrency

by shark
June 5, 2025
0

Guo Congyuan, a prominent Chinese businessman, was kidnapped in the Philippines in April 2025. The ransom was paid using cryptocurrency,...

Singapore Restricts Overseas Crypto Operations Amid Regulatory Shift

by shark
June 5, 2025
0

Singapore mandates that all Digital Token Service Providers must halt overseas operations by June 30, 2025, unless they obtain a...

World Liberty Financial Airdrops 47 USD1 Stablecoin

by shark
June 5, 2025
0

World Liberty Financial, linked to Donald Trump, airdropped 47 USD1 stablecoins to WLFI token holders on the Ethereum mainnet.

Load More

Tags

analysis announces Bank billion Binance Bitcoin Blockchain BTC CEO Coin Coinbase Crypto cryptocurrencies Cryptocurrency DeFi ETH Ethereum Exchange Finance FTX fund game General News Information Investment Latest Launch launches market Metaverse million Network News NFT platform Price project Protocol Review SEC Solana Token trading users wallet

Recent Posts

  • Bitcoin Set for Retest of $100K Support
  • Aleo Advances Programmable Privacy in Blockchain
  • Chinese Businessman Kidnapped and Ransomed via Cryptocurrency
  • Singapore Restricts Overseas Crypto Operations Amid Regulatory Shift
  • World Liberty Financial Airdrops 47 USD1 Stablecoin
  • 2025’s Top Crypto Projects: Aptos, Hedera, Ondo, and BlockDAG Make Big Moves!
  • Binance Launches Altcoin Liquidity Program for Market Efficiency
  • Bitcoin Whales Acquire 30,000 BTC Amid Price Dip
  • About
  • FAQ
  • Contact Us
  • IGO
  • Altcoin
  • Terra
  • Launchpad
  • P2E
  • META
  • AXS
Email us: [email protected]

© 2021 CoinLive - Crypto News 24/7

No Result
View All Result
  • Home
  • Crypto News
  • Market Analysis
  • Learn

© 2021 CoinLive - Crypto News 24/7