CME Group announced the launch of "micro" Bitcoin and Ethereum options products on 3/28 with contract sizes only 1/50 of the regular size.

Following the launch of Bitcoin options in January 2020, the Chicago Mercantile Exchange (CME) has announced that it will introduce "micro" Bitcoin and Ethereum options products on March 28 this year.

Historical Product Timeline

• 2017/12: Bitcoin Futures | Contract Size: 5 BTC
• 2020/1: Bitcoin Options | Contract Size: 5 BTC
• 2021/2: Ethereum Futures | Contract Size: 50 ETH
• 2021/5: Micro Bitcoin Futures | Contract Size: 0.1 BTC
• 2021/12: Micro Ethereum Futures | Contract Size: 0.1 ETH
• 2022/3: Micro Bitcoin and Ethereum Options | Contract Size: 0.1 BTC, 0.1 ETH

Tim McCourt, Global Head of Equity and Alternative Investment Products, stated:

Our Micro Options build on top of a strong liquidity foundation, offering traders of all sizes greater precision and flexibility to efficiently hedge market exposure and fine-tune their market risk.

According to skew data, in the past 24 hours, the futures trading volume is led by Binance with 26 billion USD, followed by CME in fifth place with a trading volume of only 2 billion USD. FTX, ranked fourth, even exceeds CME's volume by more than twice.

As for the options market, Deribit has long been dominant, with a trading volume of 1.1 billion USD in the past 24 hours, while CME's average trading volume is around 20 million USD. Binance, the leader in futures, has an average options trading volume of close to 1 million USD.