{"id":16783,"date":"2021-05-04T11:41:45","date_gmt":"2021-05-04T19:41:45","guid":{"rendered":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/?p=16783"},"modified":"2021-05-05T06:58:39","modified_gmt":"2021-05-05T14:58:39","slug":"micro-bitcoin-futures-microbtc","status":"publish","type":"post","link":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/micro-bitcoin-futures-microbtc\/","title":{"rendered":"MICRO Bitcoin Futures #microBTC"},"content":{"rendered":"

MICRO BTC Futures #microBTC
\nBy Mark O\u2019Brien, Senior Broker<\/h4>\n
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On March 30, a CME Group press release announced that it would introduce a new Micro BTC futures contract. Monday, May 3rd will be the futures contract\u2019s first day of trading. This new futures contract reflects CME Group\u2019s expansion of crypto derivatives that includes their Bitcoin futures contract launched in 2017, Bitcoin options in early 2020 and their Ether futures contract just last February.<\/p>\n

When its open-sourced software was released in 2009, Bitcoin became the very first digital asset, or cryptocurrency to work as a medium of exchange. Since then, approximately 1800 other cryptocurrencies have been created with a market capitalization that topped $2 trillion this month. Strikingly, Bitcoin comprised approximately half that market cap.
\nThe current Bitcoin futures contract\u2019s underlying asset is 5 Bitcoin and with Bitcoin currently trading between $50K-$60K, the futures contract\u2019s base value is \u00b1$250K-$300K. And unlike nearly all other futures contracts whose margins are set and adjusted fairly infrequently by their exchanges, Bitcoin\u2019s Initial Margin Requirement is recalculated every day based on its closing price, currently at roughly 40% of its base value \u2013 over $125K, currently.
\nThe new Micro Bitcoin futures contract\u2019s underlying asset is 1\/10 Bitcoin (1\/50 the size of the current 5-Bitcoin futures contract).
\nNeedless to say, at 1\/50th the leverage of the current Bitcoin futures contract, the smaller-sized Micro BTC futures contract will give traders the ability to fine-tune Bitcoin exposure.\u00a0 And it goes without saying, these contracts trade on a regulated exchange where all participants see the same prices and quotes.\u00a0 Participants enjoy true market transparency and price discovery.
\nThe Micro Bitcoin futures contract builds on the strength and liquidity of CME Bitcoin futures by giving you more choice and flexibility to manage your Bitcoin exposure and add versatility to\u00a0your trading strategies.
\nFor more information or a professional consultation<\/a>, or to try a futures trading platform demo<\/a>, contact Cannon Trading Co.<\/p>\n

Disclaimer – Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involve substantial risk of loss and is not suitable for all investors. Past performance is not indicative of future results. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.<\/em>
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MICRO BTC Futures #microBTC By Mark O\u2019Brien, Senior Broker Like us on FaceBook! www.facebook.com\/CannonTrading Get Real-Time updates and market alerts on Twitter! Get Real-Time updates and more on our private FB group! https:\/\/business.facebook.com\/groups\/1105191589938254\/ On March 30, a CME Group press release announced that it would introduce a new Micro BTC futures contract. Monday, May 3rd […]<\/p>\n","protected":false},"author":16,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[67],"tags":[],"class_list":["post-16783","post","type-post","status-publish","format-standard","hentry","category-future-trading-news"],"_links":{"self":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/16783","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/users\/16"}],"replies":[{"embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/comments?post=16783"}],"version-history":[{"count":9,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/16783\/revisions"}],"predecessor-version":[{"id":16802,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/16783\/revisions\/16802"}],"wp:attachment":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/media?parent=16783"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/categories?post=16783"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/tags?post=16783"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}