CME Group (CME) so record activity on its cryptocurrency derivatives during the first quarter of the year, driven by increased interest in micro -size.
The company reported an average daily volume of 198,000 contracts for crypto products representing $ 11.3 billion in nominal value. It pointed out to detect heights across its microether -futures, where 76,000 contracts are traded as well as its BTC and ETH futures contracts with 18,000 and 13,000 contracts respectively.
Trade in Micro Bitcoin futures also stood out with an increase of 113% over the year and hit 77,000 average daily volume (ADV). The company’s cryptocurrency contracts were already in record back in January.
Exchange’s Bitcoin and ether -Future contracts have a nominal value of 5 BTC and 50 ETH respectively, their microcractors represent only 0.1 of each cryptocurrency. This smaller size enables more precise trade and risk management.
The record setting of crypto activity came as part of wider momentum over the derivatus’s business. CME published a quarterly average daily volume of 29.8 million contracts in the first quarter, with items also in the US Treasury Futures, Energy Options and Agricultural Contracts.