A single crypto regulator to appear in the EU Hotels in Maldives and Thailand accept crypto payments PayPal added bitcoin support to its mobile app Corporations invested more than $6 billion in crypto industry in the last 10 months DeFi-platform Velodrome accuses crypto sleuth of stealing $350k S&P Global dropped Coinbase rating to a speculative level BitGo will seek $100 million for Galaxy Digital refusal to acquire crypto platform Brazilian crypto exchange blocked customer accounts and fired staff Celsius Network’s debts is more his assets for $2,8 billion

Chicago Mercantile Exchange launches cryptocurrency options

Chicago Mercantile Exchange launches cryptocurrency options

The Chicago Mercantile Exchange (CME) will open option contracts on underlying bitcoin and Ethereum assets as micro-futures from 28 March 2022. State regulator approval is now expected. 

Why is it so important?

  • This will allow common traders to make cryptocurrency transactions bypassing crypto exchanges

As reported on the CME website, they have already issued Micro Bitcoin (MBT) and Micro Ethereum (MET) futures in the past year. In both cases, the contracts represent just one tenth of the underlying asset and are estimated. 

By contrast, options do not impose an obligation to buy or sell the underlying asset at a predetermined price within a certain period of time. This gives more freedom to the option holder, allowing him to adapt to rapid changes in the market. In addition, regular traders will now have access to working with cryptocurrencies without dealing directly with cryptocurrency exchanges. 

0
Is there an error in the article?
To report