CME Group Expands New Bitcoin And Ether Futures Options On May 22

Key Points:

• CME Group is expanding its cryptocurrency options across both standard and micro-sized Bitcoin and Ether contracts.
• The new contracts will provide precise liquidity to market participants of all sizes, with expiries available every business day from May 22.
• CME Group’s Bitcoin and Ether, futures and options complex, has achieved a record daily average notional of over $3 billion through Q1 2023.

CME Group expands its cryptocurrency options across Bitcoin and Ether contracts, offering expiries every business day from May 22. Daily average notional exceeds $3 billion.

CME Group has announced that it will expand its cryptocurrency options line. From May 22, new expiries for Bitcoin and Ether futures options will be available from Monday to Friday. Tuesday and Thursday expiries will also be added to the existing Monday, Wednesday, and Friday contracts for micro Bitcoin and Ether futures options. These additions will complement the already available monthly and quarterly expiries for all Bitcoin and Ether options on futures contracts.

CME Group’s Bitcoin and Ether futures and options complex has seen a notable increase in client demand, achieving a record daily average notional of over $3 billion through Q1 2023. Within this period, trading highlights include a record 2,357 Bitcoin options contracts traded on March 22, and OI reaching a record 14,700 contracts on March 31.

The open interest (OI) also averaged a record 24,094 contracts, and Bitcoin futures and options Q1 2023 ADV exceeded 11,500 contracts. Moreover, since their launch in September 2022, more than 4,600 Ether options contracts have been traded, with a record of 311 Ether options contracts traded on Feb. 22 and a record OI of 1,800 contracts reached on March 24.

CME Group has been lauded by institutional market makers, such as XBTO, for its innovation in completing the short end of the implied volatility surface and providing precise liquidity to market participants of all sizes. This will allow traders to trade and hedge cryptocurrency exposures every business day of the upcoming week for the first time.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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