The Chicago Mercantile Exchange (CME) has announced plans to add new expiries to its existing options products on its standard and micro-size bitcoin (BTC) and ether (ETH) contracts starting May 22.
CME Group Expands Crypto Futures Features
In a bid to provide its users with greater accuracy and versatility in managing short-term bitcoin (BTC) and ether (ETH) price risk, the CME is set to extend the current expiration periods of its futures contracts. .
According to a CME Group press release, starting May 22 (subject to regulatory approval), your crypto options on its standard and micro-sized bitcoin and ether contract products will be expanded to include expiries every day of the week. work, Monday. through Friday, supplementing its existing monthly and quarterly expiries available on its BTC and ETH futures contracts.
“By filling out the short end of the implied volatility surface with the addition of the new Tuesday and Thursday Micro options contracts, institutional market brands like XBTO can provide accurate liquidity to market participants of all sizes trading and they cover crypto exposure spanning all business days. next week for the first time.”
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The CME Group launched the world’s first bitcoin futures contract during the crypto summer of 2017. The exchange claims that demand for its bitcoin and ether futures and options products has been on the rise, posting a notional daily average of more than $3 billion during the first quarter of 2023.
