Micro Bitcoin (MBT) futures exceed 650,000 contracts traded

Micro Bitcoin futures (MBT) traded 650,000 contracts in the first month since launch, with average daily volume exceeding 28,000 contracts. MBT futures are one of the most successful product launches in the futures industry and continue to attract new traders.

“We are delighted with the strong uptake and support we have seen for this new contract so early in its first month,” said Tim McCourt, global head of equity indices and alternative investment products at CME Group. “At one-fiftieth the size of our largest bitcoin futures contracts, this new, smaller contract allows traders of all sizes to better manage their bitcoin price risk efficiently and profitably.”

MBT futures trading at CME Group and are settled in cash at the CME CF BRR reference rate. MBT futures contracts allow traders to gain long or short exposure to the price of Bitcoin and offer several distinct advantages over trading in the spot market.

Benefits of Micro Bitcoin Futures

Reduced financial commitment: Micro Bitcoin futures (MBT) are 1/10th of Bitcoin and 1/50th of the standard Bitcoin futures contract. The smaller contract size of MBT futures allows for greater flexibility and reduced margin requirements compared to standard Bitcoin futures.

Go long or short Futures: MBT futures contracts, like all other futures contracts, can be traded on both the long side and the short side without any restrictions. This is very convenient for traders compared to the Bitcoin spot market, which can only be traded on the long side, which means traders can only try to profit from rising Bitcoin prices.

Transparent prices: the MBT futures contracts are traded on CME’s Globex electronic trading system, a highly secure and redundant electronic trading system with a single central limit order book (CLOB). All merchants see the same price, bid, and offer, which means greater transparency.

Liquidity: CME’s liquidity pool is large and global and concentrated in a single order book. In addition to active participants around the world, there are many liquidity providers that add depth and size to the order book.

Trading hours: trade almost around the clock with trading hours Sunday through Friday from 5:00 PM to 4:00 PM CT.

Regulated market: The MBT futures contracts are traded on the CME Group and cleared on the CME Clearinghouse, which offers significant guarantees and stability compared to unregulated markets without a clearinghouse. The CME clearinghouse settles daily with all clearing brokers, adding an extra layer of stability.

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