CME Group is expanding its cryptocurrency offerings with the introduction of micro LINK futures contracts, catering to both small and large traders in the market. The source reports that this move is expected to enhance liquidity and accessibility for a broader range of participants.
Introduction of Micro LINK Futures
The new micro LINK futures will represent 250 LINK tokens, while the standard contracts will continue to represent 5,000 LINK tokens. This dual structure is designed to provide greater accessibility for smaller traders, enabling them to manage their exposure with lower capital requirements.
Launch Date and Regulatory Approval
The launch is anticipated for February 9, 2024, pending regulatory approval. This marks a significant step in the evolution of cryptocurrency trading on established exchanges.
The recent launch of APT futures has prompted a cautious response from traders, highlighting market hesitance in contrast to CME Group's expansion with micro LINK futures. For more details, see APT futures.
