Chicago Mercantile Exchange Group (CME) presented data on the volume of transaction volume and nominal value of crypto contracts in the first month of the year. According to the statements, the daily average volume of transactions was recorded as 198,000 contracts and total nominal value was recorded as 13.6 billion dollars.
Increased contract volume and value increase
CME, crypto currency contracts compared to the same period of the last year, an increase of 180 percent, he said. In a statement, micro Bitcoin $98,764.7 255 percent of the futures transactions, micro Ether increased by 223 percent of the transactions were expressed.
Small Sized Contracts and Options
In addition to standard contracts for the stock market, Bitcoin and Ether, it also offers smaller micro contracts. Micro contracts are 0.1 percent of the actual contracts and provide investors more sensitive trade strategies and risk management.
In addition, CME offers contract options for high market-share crypto currencies, allowing investors to develop flexible strategies that allow trading on a fixed price at certain dates.
In January, a total of 25.7 million contractual transaction volumes were recorded, while the recent developments of the company include options on Bitcoin Friday Futures as of February 24th. However, the new option application is evaluated depending on the completion of the relevant regulatory approval process.
In the CME Group’s statement, the data and planned products were shared with the public. Although there is no direct declaration in the official statement, the company’s announcements were made in the format of press release.
The data described by CME shows the tendency to increase the transaction volume and product diversity in crypto money markets. Investors can evaluate these developments in the stage of risk management and strategy.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
