Since its launch in early December, Micro Ether Futures (MET) has reached over 500,000 contracts traded. Micro Ether is the latest micro cryptocurrency contract offered by CME Group . At just 1/10th Ether, this contract gives retail traders the opportunity to enter the cryptocurrency markets cheaply from a regulated exchange. CME Micro Ether futures contracts are settled in cash, based on the rate of reference CME CF Ether-Dollar which serves as a daily reference rate for the price of Ether in US dollars.
“The advent of micro contracts for Bitcoin and Ether futures in 2022 has taken our crypto product offerings to the next level,” said Tim McCourt, Global Head of Equity Indices and Alternative Investment Products at CME Group. satisfied with the early adoption and rapid growth of Micro Ether futures since its launch on December 6th. These contracts provide another way for sophisticated and active financial institutions and retail traders to gain exposure to digital assets through our liquid and reliable 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 an Ether. Traders can add precision to their trading strategy by gradually increasing or decreasing the use of smaller contracts.
- Price transparency – 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 lower capital commitment and low spreads at just $50
- Trade on both sides of the market : Futures traders can speculate on the price of Ether using MET with no spike rule or short selling restrictions.
- regulated market – Under the regulatory oversight of the Commodity Futures Trading Commission (CFTC), Ether futures traders have the peace of mind of trading on a regulated market.
Trade Micro-Ether Futures with NinjaTrader
NinjaTrader supports over 500,000 traders worldwide with a powerful, easy-to-use trading platform, discounted futures brokerage, and world-class support. NinjaTrader is always free to use for advanced charting and strategic backtesting via an immersive trading simulator.
Download NinjaTrader’s award-winning trading platform and get started today with a free trading demo with real-time market data.