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Micro Ether Surpasses 500K Contract Traded

Since its launch in early December Micro Ether futures (MET) hit over 500,000 contracts traded. Micro Ether is the newest micro Cryptocurrency contract provided by CME Group. At simply 1/10 of 1 Ether, this contract supplies retail merchants the chance to get in on the cryptocurrency markets at a decrease value from a regulated trade. CME Micro Ether futures are cash-settled, primarily based on the CME CF Ether-Greenback Reference Price, which serves as a once-a-day reference charge of the U.S. greenback value of Ether.

“The arrival of micro-sized contracts for each Bitcoin and Ether futures in 2021 has taken our cryptocurrency product providing to the following degree,” mentioned Tim McCourt, CME Group International Head of Fairness Index and Various Funding Merchandise.”We’re happy with the early adoption and speedy development of Micro Ether futures since their launch on December 6. These contracts are offering yet another method for each monetary establishments and complex, energetic retail merchants to achieve publicity to digital property by our liquid and trusted cryptocurrency derivatives markets.”

Watch this brief video to study extra about Micro Ether futures –

Advantages of Buying and selling Micro Ether Futures

  • Smaller Dimension – Micro Ether futures are 1/10 of 1 Ether. Merchants can add precision their buying and selling technique by scaling up or down incrementally utilizing smaller contracts
  • Value Transparency – Commerce Ether on a regulated trade the place all members see the identical value and quotes on the identical time
  • Decrease Capitial Dedication – Merchants can get pleasure from capital effectivity when buying and selling MET futures with a decrease capital dedication and low margins at solely $50
  • Commerce Each Sides of the Market – Futures merchants can speculate on the worth of Ether utilizing MET with no uptick rule or short-selling restrictions
  • Regulated Market – With regulatory oversight by the Commodity Futures Buying and selling Fee (CFTC), Ether futures merchants have the reassurance of buying and selling on a regulated trade

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