Crypto traders have something to look forward to as 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 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 move is a significant development for the crypto industry, providing traders greater flexibility and more opportunities to trade digital assets.

More Options In The Derivatives Market For Crypto Investors

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.

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.

The contracts are settled in cash and have become increasingly popular among institutional investors to gain exposure to the crypto market without holding the underlying asset.

According to a press release, The new contracts will allow traders to manage short-term price risk. They will 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. Giovanni Vicioso, CME Group Global Head of Crypto Products, stated:

We are pleased to offer these new options contracts to provide market participants with gre

Go to Source to See Full Article
Author: Ronaldo Marquez

Did you like this?
Tip BTC Newswire with Cryptocurrency

• Bitcoin
• Bitcoin Cash
• Ethereum
• Litecoin
• Monero
• ZCash

Donate Bitcoin to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some bitcoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Bitcoin Cash to BTC Newswire

Scan the QR code or copy the address below into your wallet to send bitcoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Ethereum to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Ether:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Litecoin to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Litecoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Monero to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Monero:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate ZCash to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some ZCash:

Copy ZCash Address

[X] Click Here to Hide Donation Details