Nexo

Start Earning Up to 16% Interest Automatically

Learn More
Home » Markets » CME Group to Launch “Micro Bitcoin Futures” Contracts for Retail Investors

CME Group to Launch "Micro Bitcoin Futures" Contracts for Retail Investors

by

Bitcoin prices have jumped as CME Group announced the listing of a new Bitcoin futures contract. 

CME Group to Launch Micro Bitcoin Futures Contracts for Retail Investors
Shutterstock cover by R. Wellen Photography

Key Takeaways

  • CME Group is planning to introduce a new Bitcoin futures contract directed at retail investors.
  • Market participants seem to have welcomed the news, pushing BTC's price higher.
  • Now the pioneer cryptocurrency is on the verge of a new bull run to $70,000 or higher.

Share this article

The Chicago Mercantile Exchange (CME) has announced the launch of a new Bitcoin-derivative product that aims to meet retail investors’ demand.

Big News for Bitcoin Traders 

The world’s largest financial derivatives exchange, CME Group, announced that it would introduce a new Micro Bitcoin futures contract. Although the new financial product is pending regulatory review, the firm expects to launch it as soon as May. 

According to Tim McCourt, CME Group Global Head of Equity Index and Alternative Investment Products, the derivative product will be one-tenth the size of one Bitcoin, providing retail investors and individual traders exposure to the digital asset. 

“The introduction of Micro Bitcoin futures responds directly to demand for smaller-sized contracts from a broad array of clients and will offer even more choice and precision in how participants can trade regulated Bitcoin futures in a transparent and efficient manner at CME Group,” said McCourt. 

The new contract will be cash-settled, based on the CME CF Bitcoin Reference Rate.

CME’s announcement comes shortly after PayPal revealed that its U.S. customers can now pay with cryptocurrencies for goods and services at millions of merchants. Such positive developments around the leading cryptocurrency have caused a significant uptick in prices recently. 

The Uptrend Resumes

BTC has risen more than 4% in the last eight hours, gaining over 2,300 points. 

Transaction history shows that now the pioneer cryptocurrency faces little to no resistance ahead. If the buying pressure seen recently continues to accelerate, Bitcoin would likely slice through its recent all-time high of nearly $62,000 and march towards a new peak of $70,000 or higher. 

Bitcoin US dollar price chart
BTC/USD on TradingView

As long as the $52,850-$56,350 support level holds, the odds will continue to favor the bulls. 

Disclosure: At the time of writing, this author owned Bitcoin and Ethereum.

Share this article

The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. makes no representation or warranty as to the timeliness, completeness, or accuracy of any information on or accessed through this website. Decentral Media, Inc. is not an investment advisor. We do not give personalized investment advice or other financial advice. The information on this website is subject to change without notice. Some or all of the information on this website may become outdated, or it may be or become incomplete or inaccurate. We may, but are not obligated to, update any outdated, incomplete, or inaccurate information.

Crypto Briefing may augment articles with AI-generated content created by Crypto Briefing’s own proprietary AI platform. We use AI as a tool to deliver fast, valuable and actionable information without losing the insight - and oversight - of experienced crypto natives. All AI augmented content is carefully reviewed, including for factural accuracy, by our editors and writers, and always draws from multiple primary and secondary sources when available to create our stories and articles.

You should never make an investment decision on an ICO, IEO, or other investment based on the information on this website, and you should never interpret or otherwise rely on any of the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an ICO, IEO, or other investment. We do not accept compensation in any form for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or commodities.

See full terms and conditions.