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The CME Group Is Dropping New Micro Ether Futures

By Aaron - Cryptocurrency Retailer - 02-11-2021

Chess Ethereum

This week, the CME Group, a leading foreign exchange company, released a statement to announce that the business is expanding its crypto derivatives marketplace once again. In the latest expansion, users that prefer investing in cryptocurrency can soon invest in Ethereum (ETH) futures. In the announcement, CME Group stated that they'd drop a new investment service by adding Micro Ether Futures on December 6. The release of a futures investment service with the second-ranked crypto-asset comes almost seven months after CME Group's announcement to issue Micro Bitcoin (BTC) futures. The Micro Bitcoin Futures is reportedly just 1/10 the size of 1 BTC. The idea behind micro futures services is to give investors a way to participate in the market. Similarly to BTC futures, ETH futures are also 1/10 the size of one ether token.

According to the CME Groups, the new service, Micro ETH Futures, provides a cost-effective solution that is an efficient way for investors from institutions to independent traders to buy Ethereum. In a press release published by CME Groups, they explained that buying ETH Micro Futures is a more efficient investment for crypto investors to hedge their spot Ether price risk or to execute any ETH trading strategy. The company stated that investors could use Micro Ether Futures while retaining the features and benefits of other larger ETH futures products available within the marketplace. The CME Groups have since released a statement to say that since they brought Ether Futures services to its native marketplace in February, the company has seen constant growth in liquidity from institutional investors in the contracts.

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