CME Group to expand BTC and Ether options expiries in May

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  • CME Group says that customer demand has increased amid market volatility.
  • The marketplace plans to extend expiration for its standard and micro-sized BTC and Ether options contracts.
  • Post approval, the derivatives platform will make the transition on May 22, 2023.

Derivatives marketplace CME Group seeks to extend its options expiry Bitcoin And Ethereumaccording to a Announcement Published today, 17 April 2023.

The platform, which states that the plans are subject to regulatory approval, indicates that the plan will be available for the suite of crypto options for expiring BTC and ETH contracts every business weekday – Monday through Friday.

Currently, the expiry of micro-sized options on two crypto futures is available on Monday, Wednesday and Friday. CME also offers monthly and quarterly expirations for BTC and ETH options on its futures contracts.

If approved, the company would like to provide new expiry from May 22.

Customer demand for BTC and ETH products

Giovanni Vicioso, CME Group Global Head of Cryptocurrency Products, said the goal is to give market participants access to options contracts that provide “greater precision and versatility” for managing short-term bitcoin and ethereum price risk.

,Against a backdrop of increased market volatility in the digital asset sector, we continue to see clients turning to trusted, regulated venues such as CME Group for reliable and efficient cryptocurrency risk management products.Visioso said.

CME Group has seen an increase in demand for bitcoin and ethereum futures and options. The top two assets by market cap are also two Best cryptocurrencies for crypto derivatives trading,

For the CME, the number of bitcoins in the first quarter of 2023 is estimated to exceed $3 billion, a record in terms of daily average. The marketplace also saw a record BTC options contract of 2,357 on 22 Mar 22. The open interest reached an all-time high of 14,700 contracts on March 31 and could move higher amid a long-term rally. bitcoin price predictionEspecially going into the next stop.

The all-time high for ether options contracts was 311 on February 22, while the OI hit a record 1,800 contracts on March 24.

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