Tim McCourt from the CME Group discusses the recent launch of the micro Bitcoin futures contract. He highlights the contract size, trading, and settlement a related to the full size Bitcoin contract. The new contract is cash settled, based on Bitcoin reference rate, and is 1/10th the size of one Bitcoin and 1/50th the size of the standard Bitcoin futures contract. This new contract gives traders more choice, flexibility, and enhanced trading liquidity for small to medium position sizes.
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