Micro Ether Surpasses 100K Contract Traded

Since it’s launch just 2 weeks ago, over 100,00 Micro Ether futures (MET) have been traded. Micro Ether is just one of the latest micro Cryptocurrency contracts offered by CME Group. At just 1/10 of one Ether, this new contract provides retail traders the opportunity to get in on the cryptocurrency markets at a lower cost from a regulated exchange.

“Participation in our Micro Ether futures contract has grown rapidly since its launch two weeks ago, and we are encouraged by the strong customer adoption and support thus far,” said Tim McCourt, CME Group Global Head of Equity Index and Alternative Investment Products. “At 1/500th the size or our larger Ether futures, this new, smaller contract allows traders of all sizes to better manage their Ether price risk in an efficient, cost-effective way.”

Benefits of Trading Micro Ether Futures

• Fine-Tune Exposure – Micro Ether futures are 1/10 of one Ether. Traders can add precision their trading strategy by scaling up or down incrementally using smaller contracts
• Price Discovery – Trade Ether on a regulated exchange where all participants see the same price and quotes at the same time
• Lower Capital Commitment – Traders can enjoy capital efficiency when trading MET futures with a lower capital commitment and low margins at only $50
• Go Long or Short – Futures traders can speculate on the price of Ether using MET with no uptick rule or short-selling restrictions
• Regulated Exchange – With regulatory oversight by the Commodity Futures Trading Commission (CFTC), Ether futures traders have the reassurance of trading on a regulated exchange

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Source: https://ninjatrader.com/blog/micro-ether-surpasses-100k-contract-traded/