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 latest micro Cryptocurrency contract offered by CME Group. At just 1/10 of one Ether, this contract provides retail traders the opportunity to get in on the cryptocurrency markets at a lower cost from a regulated exchange. CME Micro Ether futures are cash-settled, based on the CME CF Ether-Dollar Reference Rate, which serves as a once-a-day reference rate of the U.S. dollar price of Ether.

“The arrival of micro-sized contracts for both Bitcoin and Ether futures in 2021 has taken our cryptocurrency product offering to the next level,” said Tim McCourt, CME Group Global Head of Equity Index and Alternative Investment Products.”We’re pleased with the early adoption and rapid growth of Micro Ether futures since their launch on December 6. These contracts are providing one more way for both financial institutions and sophisticated, active retail traders to gain exposure to digital assets through our liquid and trusted cryptocurrency derivatives markets.”

Watch this short video to learn more about Micro Ether futures –

Benefits of Trading Micro Ether Futures

• Smaller Size – 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 Transparency – Trade Ether on a regulated exchange where all participants see the same price and quotes at the same time
• Lower Capitial Commitment – Traders can enjoy capital efficiency when trading MET futures with a lower capital commitment and low margins at only $50
• Trade Both Sides of the Market – Futures traders can speculate on the price of Ether using MET with no uptick rule or short-selling restrictions
• Regulated Marketplace – 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-futures-500k-traded/