CME Group Inc. is launching a smaller Bitcoin futures contract in a bid to appeal to retail investors who may be priced out of the exchange’s existing crypto offerings.
The weekly futures contracts, dubbed Bitcoin Friday futures, will be priced at one-50th the size of one Bitcoin, meaning that investors won’t need to shelve out as much as they do when buying current offerings. The cash-settled product will be available starting Sept. 30, pending regulatory review, according to the Chicago-based company. Bitcoin was recently trading at around $62,500.
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Katherine Doherty
https://www.bloomberg.com/news/articles/2024-08-27/cme-s-launching-smaller-bitcoin-friday-futures-contract-in-bid-to-lure-retail
2024-08-27 13:30:27
