The Chicago Mercantile Exchange Group (CME) has revealed that in the first month of the year of the year, Crypto contracts experienced an average daily volume (ADV) of 198,000 with a nominal value of $ 13.6 billion.
CME detailed in a press release Tuesday of that year over years, its cryptocurrency AV AV 180%rose when its micro-bitcoin (BTC) futures recorded an increase of 255%, while its microether (ETH) future contracts burst 223%.
While the Exchange’s Bitcoin and Ether -Futures contracts have a nominal value of 5 BTCs and 50 ETH respectively, their microcracts represent only 0.1 of each cryptocurrency, enabling more precise trade and risk management considering their smaller size.
On top of its full and micro -contracts for the top two cryptocurrencies with market value, CME also offers dealers on these contracts. These settings enable more complex strategies to fine -tune their risk exposure.
Settings Contracts give dealers the right but not the obligation, to buy or sell cryptocurrency futures at a predetermined price of or before a specific date.
Futures Exchange registered a total ADVS of 25.7 million contracts in January.
Just last week, the CME group announced that it is looking at the introduction of opportunities on Bitcoin Friday Futures (BFF) from February 24, although these are awaiting regulatory approval.
