The Chicago Mercantile Exchange Group (CME) has released data indicating a significant increase in trading volume and nominal value of crypto contracts in January. The average daily trading volume was recorded at 198,000 contracts, with a total nominal value of $13.6 billion.
Surge in Contract Volume and Value
CME reported a remarkable 180% increase in crypto contracts compared to the same period last year. Specifically, there was a 255% increase in micro Bitcoin $98,111 futures and a 223% increase in micro Ether futures.
Small-Sized Contracts and Options
In addition to standard contracts for Bitcoin and Ether, the exchange offers smaller-sized micro contracts. These micro contracts, valued at 0.1% of the main contracts, provide investors with more precise trading strategies and risk management capabilities.
Furthermore, CME enables flexible strategies by offering contract options for high-market-share
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