CME Group, which develops derivative investment products for financial assets, announced today that they want to offer new options to crypto investors. According to the first quarter of 2023 data, CME reached a daily transaction value of 3 billion dollars.
The derivatives provider plans to continue the decision process of micro-size Bitcoin and Ethereum contracts every weekday. Currently, only monthly and quarterly periods are offered to investors for futures contracts.
Citing market volatility, Giovanni Vicioso, head of crypto product development at CME Group, said:
“Volatility in crypto markets can put customers in a difficult position. As a result of our new improvement, investors will have the opportunity to make more sensitive decisions to short-term risks.”
The derivatives developer plans to deploy its improvement for crypto tools on May 22, 2023.
What is a Futures Contract?
Futures contracts, which investors often hear about, are just one of the derivatives market products. forward contracts; means the purchase of a good or service at a certain time and at a predetermined price. At the end of the contract, if the market value is higher than the value purchased by the investor, a profitable transaction is realized.
