CME Group

Major derivatives marketplace CME Group has seen more than 100,000 micro bitcoin futures traded in the first six days following the contract’s launch, the operator told Reuters.

CME introduced the new style of contract in March, which is one-tenth the size of a bitcoin, designed to allow market participants to trade and hedge in smaller denominations than they could with existing bitcoin futures, which traded in denominations of 5 BTC. Open interest and average daily volume for CME’s standard bitcoin futures offering has increased fairly steadily since they were introduced in December 2017, implying there would be demand for the micro version.

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