The CME group (CME) experienced a record activity on its markets derived from cryptocurrency during the first quarter of the year, motivated by increased interest in micro-tail contracts.
The company declared an average daily volume of 198,000 contracts for cryptographic products, representing $ 11.3 billion in notional value. He indicated that summits recorded in its term contracts on Micro Ether, with 76,000 contracts exchanged, as well as its BTC and ETH term contracts with a volume of 18,000 and 13,000 contracts, respectively.
Micro-bitcoins’ term exchanges have also stood out with an increase of 113% from one year to the next, reaching 77,000 average daily volumes (ADV). The company’s cryptocurrency contracts were already in a record in January.
Bitcoin and Ether exchange contracts of exchange have a notional value of 5 BTC and 50 ETH, respectively, their micro-contracts represent only 0.1 of each cryptocurrency. This smaller size allows more specific exchanges and risk management.
Record cryptographic activity was part of a broader momentum in the activities of the derivative giant. CME displayed a quarterly average daily volume of all time of 29.8 million contracts in the first quarter, with files also established in the term contracts on the American Treasury, energy options and agricultural contracts.
