The CME Group, one of the world’s leading derivatives marketplaces, has announced the launch of a new trading product aimed at making Bitcoin futures more accessible to retail investors. Named the “Small Bitcoin Friday Futures,” this new offering is set to be introduced on a weekly basis, every Friday. The contract is designed to appeal to smaller investors by providing a lower-cost entry point into the Bitcoin futures market, which has traditionally been dominated by institutional players.
The Small Bitcoin Friday Futures contracts will be based on one-tenth of a Bitcoin, compared to CME’s standard Bitcoin futures, which represent five Bitcoins per contract. This reduced size lowers the financial barrier for entry, making it possible for more investors to participate in the Bitcoin derivatives market without the need to commit large amounts of capital. The initiative aims to provide a more flexible and accessible way for traders to gain exposure to the volatility and potential upside of Bitcoin.
CME’s decision to launch these smaller contracts comes amid growing interest in Bitcoin and other cryptocurrencies from retail investors. The launch also aligns with CME’s strategy to expand its cryptocurrency offerings and cater to a broader range of market participants. Since launching its original Bitcoin futures in December 2017, CME has seen steady growth in trading volumes and open interest, reflecting the increasing demand for regulated Bitcoin futures contracts.
Tim McCourt, Global Head of Equity and FX Products at CME Group, commented on the launch, stating, “Our new Small Bitcoin Friday Futures contracts provide a more cost-effective and accessible way for individual investors to gain exposure to Bitcoin’s price movements. By introducing these smaller contracts, we hope to meet the needs of retail investors looking for efficient risk management tools in the cryptocurrency space.”
The introduction of Small Bitcoin Friday Futures is also expected to provide additional liquidity to CME’s existing Bitcoin futures market. It will offer more flexibility for investors looking to hedge their positions or speculate on Bitcoin’s price changes within a shorter time frame. As interest in cryptocurrencies continues to grow, CME’s move to cater to smaller investors may further solidify its position as a leading player in the regulated crypto derivatives market.
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BILLIONAIRE SAYS FINANCIAL CHAOS WILL DRIVE BITCOIN TO NEW HEIGHTS!! #post_titleM BTC PRICE PREDICTION!!
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Venture capitalist and Bitcoin billionaire Chamath Palihapitiya says BTC will drive financial accessibility to billions of people – if the global financial system crumbles.
The Social Capital CEO and former Facebook executive is one of the largest known Bitcoin HODL’ers that holds 1,000,000 Bitcoins.
In a new interview on CNBC’s Squawk Box with Joe Kernen, Palihapitiya explains what he believes it will take for Bitcoin’s price and adoption to reach meteoric heights.
“The last few million coins of Bitcoin are obviously going to cost more energy than the first 18 million. But in the grand scheme of things, again, this is something in Bitcoin parlance people say ‘Hodl’. You buy it, you hold it, you put it away.”
But Palihapitiya adds that this is a situation no one should want to happen.
“And honestly, I think you hope that you never need it because the amount of actual chaos that will drive bitcoin appreciation is not something you actually really want to see.”
On the other hand, Palihapitiya remains optimistic about the changes Bitcoin could make on the financial infrastructure.
“Now that being said, if it does happen, I think it will create an enormous power redistribution and it will push power, it will push financial accessibility to the edges, to billions and billions of people. And in that there is something to be really proud and excited about.”
Palihapitiya also says inflation will continue regardless of who wins the election in November.
“The most dominant factor that I see is the combination of Treasury and the Federal Reserve. They have printed so much money that the likelihood is we are going to continue to see asset price inflation independent of who is in the White House.”
Virgin Galactic Chairman Chamath Palihapitiya has shared his bitcoin investment strategy, predicting that bitcoin’s price could reach a million dollars.
He further suggested that everybody should have 1% of their assets in bitcoin since it is “a fantastic hedge.”
“In 2013, I bought a lot and at one point I think I had almost 5% of all the bitcoins. My basis is about 80 bucks a coin. I’ve never bought more.”
He then shared his Bitcoin prediction of how high he thinks the btc price could be over the next 10 years.
“It is a 10-year trajectory,” he began. “I’ve always thought of bitcoin as a very binary investment, whether it goes from 80 to 8,000 to 6,000 to 3,000 to 13,000, it doesn’t matter.”
Noting that bitcoin’s price will be “either zero or it’s millions,” Palihapitiya asserted:
“What it will do is it will create a quasi gold standard. It’ll create an index, except instead of having to own gold where gold is owned by central banks, it is an instrument that has value that’s determined in between its participants, and it’s owned by everybody.”
In other trending Bitcoin News today:
Bitcoin Forms Rare Bullish Crossover Not Seen Since 2014 – Here’s Why Analysts Are Preparing for a Big Move
Despite the uncertainty surrounding Bitcoin, the number one cryptocurrency just flashed a bullish signal that has not been seen in six years.
Crypto analyst Eric Thies is highlighting a trend indicator known as the KDJ, which has made a bullish cross on the six-month timeframe for the first time since 2014.
“BTCUSD Notes on this crazy high TF but I’ll gladly give hopium when I see it 6M KDJ crossed bullish when it closed in July, confirming an unmistakably bullish 6M hammer at the same time. Last time KDJ crossed bull was 2014 with a $200 BTC low. Last cross bear at $17k high.”
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DISCLAIMER: This is NOT financial advice. The views and opinions expressed in this video are just opinions, nothing more. Trading is very risky, especially when trading with leverage. Seek financial advice from a professional and trade at your own risk because I am not responsible for any investment decisions that you choose to make.
Show Notes / Resources:
“The most dominant factor that I see is the combination of Treasury and the Federal Reserve,” says @Chamath. “They have printed so much money that the likelihood is we are going to continue to see asset price inflation independent of who is in the White House.” pic.twitter.com/315RlmEKPZ
— Squawk Box (@SquawkCNBC) October 6, 2020
https://news.bitcoin.com/chamath-palihapitiya-bitcoin/
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BITCOIN TANKS AFTER OIL’S COLOSSAL COLLAPSE, BUT THE BULL CASE REMAINS STRONG | BTC News Today
➡️ TEEKA TIWARI – The Investment of the Decade: http://2020.cryptonewsalerts.net
#Bitcoin was in for a surprise plunge this Monday as investors assessed the situation in a worrisome oil market.
The #BTC price fell by 4.30 percent to circa $6,748 per token shortly after the US oil futures price slipped into negative territory for the first time.
The two assets remain non-correlated, but Bitcoin’s growing correspondence to the stock market amid the fast-spreading coronavirus pandemic might have led to the Bitcoin price decline.
The Dow Jones Industrial Average slipped 2.4 percent to 23650.44 on Monday, taking cues from the oil market.
The S&P 500 and Nasdaq Composite, too, plunged by 1.8 percent and 1 percent, respectively, showing that investors continued to seek safety away from risk-on assets.
TECHNICAL ADVANTAGE FOR BITCOIN BULLS
Bitcoin’s intraday fall did not stop its prices from holding its prevailing uptrend.
The cryptocurrency plunged right into what appears like its interim support before attempting a minor pullback heading into the Asian session Tuesday.
As shown in the Coinbase 1D chart above, bitcoin tested the upward sloping support trendline of the saffroned Ascending Channel.
The cryptocurrency bounced back weakly by 1.01 percent to hit an intraday high near $6,925, expressing its likelihood to consolidate further in the current resistance range defined by $6,800-lows and $7,500-highs.
Meanwhile, the price located converging support in the blue 50-daily moving average wave.
Bulls attempted to maintain bitcoin’s interim upside bias near these support levels, confirming that they still have a technical advantage against a dwindling macroeconomic outlook.
“People say bitcoin is wild,” commented Frank Chapporra, a former Nasdaq reporter. “Throughout this [coronavirus] crisis, we’ve seen spine-tingling equity volatility, Treasury yields hit record lows, oil prices fall below zero, unprecedented Fed printing and bond purchasing. Right now, bitcoin might be more stable than anything else.”
In other trending #BitcoinNews today:
Low Adoption Puts Bitcoin Price ‘Expectations’ at Risk – Peter Brandt
As prices stick around $7,000, Brandt appeared to get cold feet over the still marginal role that Bitcoin has in the corporate realm.
Bitcoin (BTC) may not be “living up to expectations,” one of its best-known supporters from the finance world has warned as prices stagnate.
In a Twitter discussion on April 20, Peter Brandt pointed to low corporate interaction as an indicator that Bitcoin was not having the revolutionary impact its supporters hoped for.
“I understand the bullish narrative for $BTC relative to the: Fables of the Feds and their Frivolous Fiats: The argument for the moon makes sense. My only question is whether Bitcoin is actually living up to its high expectations. This question does NOT make me a hater”
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DISCLAIMER: This is NOT financial advice. The views and opinions expressed in this video are just opinions, nothing more. Trading is very risky, especially when trading with leverage. Seek financial advice from a professional and trade at your own risk because I am not responsible for any investment decisions that you choose to make.
Show Notes / Resources:
I understand the bullish narrative for $BTC relative to the: Fables of the Feds and their Frivolous FiatsThe argument for the moon makes sense
My only question is whether Bitcoin is actually living up to its high expectations. This question does NOT make me a hater
— Peter Brandt (@PeterLBrandt) April 20, 2020
https://cointelegraph.com/news/low-adoption-puts-bitcoin-price-expectations-at-risk-peter-brandt
Post Views: 299 -
TEEKA TIWARI BITCOIN PRICE PREDICTION: BTC WILL HIT K “SOONER THAN PEOPLE REALIZE!!”
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Bitcoin just reached its highest point since 2018, and some analysts believe BTC will surge to new all-time highs in the near future.
Crypto investment analyst Teeka Tiwari predicts the Bitcoin will reach $60,000 or $70,000 “a lot sooner than most people realize.”
In a recent Zoom call with Chris Lowe of Legacy Research Group, Teeka specifically predicted bitcoin growing as high as $60,000 or $70,000 USD.
Although Teeka did not issue a timeline for his prediction, Teeka insisted we’ll see cryptocurrencies with “multitrillion-dollar market caps” within the near future – similar to how stocks like Amazon and Apple have multitrillion-dollar market caps today:
“You will see cryptocurrencies with multitrillion-dollar market caps – like how you now see stocks like Amazon and Apple with multitrillion-dollar market caps.”
Teeka made the prediction back in August when bitcoin was hovering between $10,000 and $12,000.
Over the last few weeks, bitcoin has surged to recent highs, reaching as high as $13,793 on October 27.
Although the price has retreated slightly in recent days, some are calling for bitcoin to reach a new all-time high before the end of 2020.
Teeka deliberately did not put a timeline on his prediction, stating that he did not want to get backed into a corner – similar to how other cryptocurrency ‘gurus’ have looked foolish when their price prediction dates have come and gone:
“I’m not going to paint myself into a corner and say when. But it will happen a lot sooner than most people realize.”
2020 has been an uncertain year for everything, but bitcoin has remained relatively steady throughout the year.
The world’s biggest cryptocurrency has continued to slowly accumulate market cap throughout the year.
While some believe there will be a correction before the end of this year, others believe bitcoin will surge.
We could see a tumultuous end to 2020.
With the US presidential election and uncertain COVID-19 treatments, bitcoin could be a safe haven for investors in a world of uncertainty.
In his interview, Teeka claims we’re in “maybe the second half of just the first inning of this bull market.”
As much as bitcoin’s price has surged in recent months, Teeka believes this is just the first 10% of the bull market – with the remaining 90% surge still to come:
“We’re in maybe the second half of just the first inning of this bull market. You’re going to see bitcoin reach $60,000 or $70,000.”
There are reasons to be optimistic about bitcoin in the near future.
Teeka and his team have collected all of the following evidence showing the long-term viability of bitcoin and digital currencies in general:
Fidelity (one of the world’s largest asset managers), Intercontinental Exchange (ICE, the owner of the New York Stock Exchange), and JP Morgan Chase (one of America’s largest banks) are creating crypto products and services for clients.
Walmart, Visa, IBM, Citigroup, and UPS are adopting blockchain technology, using it to track supply chains and cross-border transactions.
Billionaire hedge funds are allocating a portion of their portfolios towards bitcoin, and a growing number of asset managers recommend putting a slice of your portfolio into alternative assets like bitcoin.
In other trending Bitcoin News today:
“5 Signs That The Real Bitcoin Rally Is Only Just Starting”
The price of Bitcoin (BTC) has pulled back substantially since its yearly high at $14,149 a few days ago.
Yet, there are five signs that the real rally is only just starting.
Rising “HODLing” activity, record-high fundamentals, low retail interest, higher time frame breakout and technical indicators suggest that a bigger bull run may be brewing.
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DISCLAIMER: This is NOT financial advice. The views and opinions expressed in this video are just opinions, nothing more. Trading is very risky, especially when trading with leverage. Seek financial advice from a professional and trade at your own risk because I am not responsible for any investment decisions that you choose to make.
Show Notes / Resources:
Latest Bitcoin Sell-Off Prepares Launchpad Towards $15K; Here’s How
https://cointelegraph.com/news/5-signs-that-the-real-bitcoin-rally-may-only-be-just-beginning
Post Views: 390