<p>Exchange giant <a href="https://www.theblockcrypto.com/daily/12801/cmes-bitcoin-futures-are-off-to-a-record-breaking-start-this-year">CME</a> Group has launched micro bitcoin futures, smaller-sized derivatives contracts, opening the door for a broader customer base.</p> <p>The <a href="https://www.prnewswire.com/news-releases/cme-group-announces-launch-of-micro-bitcoin-futures-301281660.html">micro bitcoin futures</a> are 1/10th the size of one bitcoin and will be settled in cash. CME <a href="https://www.theblockcrypto.com/linked/99812/cme-launching-micro-bitcoin-futures-may">first revealed</a> the product in March.</p> <p>"At one-tenth the size of one bitcoin, Micro Bitcoin futures will provide an efficient, cost-effective way for a broad array of market participants — from institutions to sophisticated, active traders — to fine-tune their bitcoin exposure and enhance their trading strategies, all while retaining the benefits of CME Group's standard Bitcoin futures," said Tim McCourt, <a href="https://www.theblockcrypto.com/daily/30220/cme-group-alters-its-reference-rate-for-ether-and-it-could-mean-the-exchange-is-getting-ready-for-futures">CME</a> Group's global head of equity index and alternative investment products.</p> <p><a href="https://www.theblockcrypto.com/linked/18665/cme-group-reports-record-trading-day-on-bitcoin-futures">CME</a> launched standard bitcoin futures in December 2017 and they are one of the popular products in the crypto derivatives space. Aggregated open interest in <a href="https://www.theblockcrypto.com/linked/13575/cme-outage-rattles-sp-and-u-s-treasuries-markets">CME's</a> bitcoin futures is currently the third-largest, at nearly $2.5 billion, according to <a href="https://www.theblockcrypto.com/data/crypto-markets/spot">The Block's data dashboard.</a></p> <p><iframe frameborder="0" height="420" src="https://embed.theblockcrypto.com/data/crypto-markets/futures/aggregated-open-interest-of-bitcoin-futures-daily/embed" title="Aggregated Open Interest of Bitcoin Futures" width="100%"></iframe></p> <p><a href="https://www.theblockcrypto.com/linked/1907/cme-group-saw-a-41-increase-in-average-daily-volume-for-bitcoin-futures-in-q3">CME</a> also offers trading in bitcoin options and it is currently the second-largest bitcoin options exchange by trading volumes, according to data compiled by The Block.</p> <p><iframe frameborder="0" height="420" src="https://embed.theblockcrypto.com/data/crypto-markets/options/aggregated-open-interest-of-bitcoin-options/embed" title="Aggregated Open Interest of Bitcoin Options" width="100%"></iframe></p>