• The Chicago Mercantile Exchange (CME) announced plans to expand its suite of cryptocurrency options.
• The exchange will now offer daily expiries for both standard- and micro-sized Bitcoin and Ethereum contracts every day of the business week.
• This move provides traders greater flexibility and more opportunities to trade digital assets.
Chicago Mercantile Exchange Announces Expansion of Cryptocurrency Options
The Chicago Mercantile Exchange (CME), the world’s leading derivatives marketplace, announced its plans to expand its suite of cryptocurrency options on May 22, pending regulatory review. The move is a significant development for the crypto industry, providing traders greater flexibility and more opportunities to trade digital assets.
Expanded Suite Of Crypto Options
The Chicago-based exchange will now offer daily expiries for both standard- and micro-sized Bitcoin and Ethereum contracts every day of the business week, from Monday through Friday. The CME Group’s suite of crypto options includes both Bitcoin and Ether futures and options contracts, allowing investors to hedge against price volatility and speculate on the market’s direction.
About The Chicago Mercantile Exchange
The Chicago Mercantile Exchange is one of the world’s largest and most well-known derivatives exchanges. It was founded in 1898 as the Chicago Butter and Egg Board. It has become a global marketplace for various financial instruments, including futures, options, and other derivatives. The CME is headquartered in Chicago, Illinois, and operates under the parent company CME Group. The exchange is regulated by the Commodity Futures Trading Commission (CFTC)and is a National Futures Association (NFA) member.
Benefits Of Expanded Suite Of Crypto Options
The new contracts will allow traders to manage short-term price risk as they complement the monthly and quarterly expiries available across all Bitcoin and Ether options on futures contracts. Additionally, Options on micro-sized Bitcoin and Ether futures will add Tuesday and Thursday expiries to their existing Monday, Wednesday,and Friday contracts .
Quote From Global Head Of Crypto Products
Giovanni Vicioso , CME Group Global Head of Crypto Products stated: “We are pleased to offer these new options contracts to provide market participants with greater precision and versatility in managing short-term bitcoinand ether price risk.”