Bitcoiners Get Lower Cost Alternative With CME Micro Futures
- Micro futures will be one-tenth the size of one Bitcoin
- Contracts will be offered May 3, pending regulatory review
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Bitcoin fans just got a lower cost way to speculate on the world largest cryptocurrency with micro futures from CME Group Inc.
The world’s largest derivatives marketplace is expanding its suite of crypto offerings to include Micro Bitcoin futures as interest from individuals surges on forums such as Reddit with the token’s price near record highs. Other, less regulated, crypto exchanges offer Bitcoin futures.