The Mercantile Chicago Exchange Group (CME) revealed that during the first month of the year, its cryptographic contracts experienced an average daily volume (ADV) of 198,000 with a notional value of $ 13.6 billion .
The CME detailed in a press release Tuesday of the year, its Cryptocurrency ADV increased by 180% while its term contracts on Micro Bitcoin (BTC) recorded a 255% increase, while its contracts to Term on Micro Ether (ETH) jumped 223%.
Although the Bitcoin and Ether of the exchange contracts have a notional value of 5 BTC and 50 ETH, respectively, their micro-contracts represent only 0.1 of each cryptocurrency, allowing exchanges and risk management More precise given their smaller size.
In addition to its normal and micro contracts for the two main cryptocurrencies by market capitalization, the CME also offers traders options on these contracts. These options allow more complex strategies to suppress their exposure to risks.
Optional contracts provide merchants with rights, but not the obligation, buy or sell term contracts on cryptocurrency at a predetermined price at the latest at a specific date.
Future Exchange recorded a total ADT of 25.7 million contracts in January.
Last week, the CME group announced that it is considering the introduction of options on Bitcoin Friday Futures (BFF) from February 24, although it is pending regulatory approval.
