Crypto derivatives platform CME Group, which has been offering BTC futures since December 2017, has just announced it intends to launch Bitcoin microfutures on May 3.
This new investment instrument, which still must receive regulatory approval, will have a size equivalent to one tenth of a Bitcoin and will offer investors a cost-effective way to invest in BTC.
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According to Tim McCourt, CME Group's global head of equity index and alternative investment products, the company has decided to roll out this new instrument to "meet the demand for smaller-sized contracts from a broad array of clients and will offer even more choice and precision in how participants can trade regulated Bitcoin futures in a transparent and efficient manner at CME Group."
The platform offers not only Bitcoin futures, but also Ether futures, which were launched last month.