Startup Exchange Backed by Big Names Including Citadel Securities and Interactive Brokers Debuts New Crypto Futures Product

Startup Exchange Backed by Big Names Including Citadel Securities and Interactive Brokers Debuts New Crypto Futures Product, Reports Business Insider

Oct 7, 2021

By Business Insider

"The Small Exchange, a retail focused futures exchange startup backed by big Wall Street names, is launching a crypto futures product designed for small upfront cash commitments... The new product is a futures contract on the Small Cryptocurrency Index, which tracks the performance of Grayscale's bitcoin and ethereum trusts as well as shares of crypto-exposed companies like Square and MicroStrategy" reports Business Insider. They continue, "The firm hopes smaller contract sizes will attract retail investors to the more obscure futures market, where the retail share of volume on the biggest futures market, the Chicago Mercantile Exchange, has for years languished under 5%."

The Small Exchange is making futures markets more accessible to more people with small, standard, and simple products that combine the best of futures and stocks.

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