Micro Ether Futures Start Trading on CME
Chicago-based CME Group has launched cash-settled micro Ether futures, according to a Dec. 6 press release.The product was originally announced in early November. The size of the contract is 1/10 of 1 ETH, which is equivalent to $405 at press time.It is now available for trading under the MET ticker.CME's Tim McCourt says that the launch of micro futures will allow individual traders and institutional traders to execute their trading strategies in a more efficient manner:
As investor demand for digital assets continues to grow, we are pleased to now offer our clients access to Micro Ether futures as a cost-effective, efficient and transparent way to access cryptocurrency and manage Ether exposure.
Ethereum greatly outperformed Bitcoin during the recent crash, reviving the "flippening" narrative.Source