CME Group (CME) saw record activity in its cryptocurrency derivative markets during the first quarter of the year, promoted by greater interest in micro -size contracts.
The company reported an average daily volume of 198,000 contracts for cryptographic products, representing $ 11.3 billion in notional value. He pointed out maximums in his micro ether futures, with 76,000 contracts that are negotiated, as well as their BTC and ETH future contracts with a volume of 18,000 and 13,000 contracts, respectively.
The Micro Bitcoin futures trade also stood out with an increase of 113% year after year, reaching 77,000 average daily volume (ADV). The company’s cryptocurrency contracts were already in a record in January.
Bitcoin and Ether’s Future Contracts of the exchange have a notional value of 5 BTC and 50 ETH, respectively, their micro contracts represent only 0.1 of each cryptocurrency. This smaller size allows trade and more precise risk management.
The cryptographic activity that establishes record was produced as part of a broader impulse throughout the derivative giant business. CME registered an average quarterly daily volume of 29.8 million contracts in the first quarter, with records also established in Futures of the US Treasury. UU., Energy options and agricultural contracts.
