Micro Bitcoin futures: 80K+ contracts traded in week one
12 May 2021 | Economic News
View 685
Micro Bitcoin futures: week one trading recap
Micro-sized bitcoin, major possibilities
Micro Bitcoin futures (MBT) are seeing a strong start in their first five days of trading with 80,561 contracts traded across seven expirations.
At 1/10 the size of one bitcoin or 1/50 the size of the larger Bitcoin futures contract, these smaller-sized contracts offer a new way for traders of all sizes to scale bitcoin exposure with greater precision and add versatility to their trading strategies.
Week one trading highlights:
- 16,112 average daily volume
- 3,192 average daily open interest
- 36% of overall volume came from outside the United States
- Over 50% of the trades were executed during non-US trading hours with quoting available nearly 24 hours a day
- 834 unique, active accounts trading
Additionally, on May 10, 2021, Micro Bitcoin futures surpassed 100K contracts traded since launch. Read the press release.
Review commonly asked questions for Micro Bitcoin futures, such as margin requirements and trading hours associated with the contract.
Thai
Eng