• The Chicago Mercantile Exchange (CME) announced its plans to expand its suite of cryptocurrency options on May 22, pending regulatory review.
• The exchange will now offer daily expiries for both standard- and micro-sized Bitcoin and Ethereum contracts every day of the business week.
• Options on micro-sized Bitcoin and Ether futures will add Tuesday and Thursday expiries to their existing Monday, Wednesday, and Friday contracts.
Chicago Mercantile Exchange To Expand Crypto Options
The Chicago Mercantile Exchange (CME), the world’s leading derivatives marketplace, has announced its plans to expand its suite of cryptocurrency options on May 22, pending regulatory review. The move is a significant development for the crypto industry, providing traders greater flexibility and more opportunities to trade digital assets.
Daily Expiries For Both Standard And Micro Sized Bitcoin And Ethereum Contracts
The exchange will now offer daily expiries for both standard- and micro-sized Bitcoin and Ethereum contracts every day of the business week from Monday through Friday. The CME Group’s suite of crypto options includes both Bitcoin and Ether futures and options contracts, allowing investors to hedge against price volatility and speculate on the market’s direction. The contracts are settled in cash and have become increasingly popular among institutional investors to gain exposure to the crypto market without holding the underlying asset.
Options On Micro-Sized Futures
Options on micro-sized Bitcoin and Ether futures will add Tuesday and Thursday expiries to their existing Monday, Wednesday, and Friday contracts. This additional option provides traders with greater precision when managing short-term price risk while complementing the monthly or quarterly expiries already available across all bitcoin or ether options on futures contracts.
Regulated By CFTC & NFA Member
The CME is headquartered in Chicago, Illinois, USA, under parent company CME Group Inc., which is regulated by the Commodity Futures Trading Commission (CFTC) as well as a member of National Futures Association (NFA).
Giovanni Vicioso Quote
Giovanni Vicioso, Global Head of Crypto Products at CME Group stated: “We are pleased to offer these new options contracts to provide market participants with greater precision