Bitcoin Friday Futures: CME Group’s Top Crypto Launch Adds Options in February

Key Points

  • CME Group will introduce options on Bitcoin Friday Futures (BFF) starting Feb. 24, pending regulatory approval.
  • BFF has been CME Group's most successful cryptocurrency launch with over 775,000 contracts traded since its launch on Sept. 29.
  • The new options will have smaller contract sizes and daily expirations, providing more efficient risk management tools for traders.

Summary

The Chicago Mercantile Exchange (CME) Group has announced the introduction of options on its Bitcoin Friday Futures (BFF), set to commence on February 24, subject to regulatory approval. Since its launch on September 29, BFF has proven to be the most successful cryptocurrency product for CME, with over 775,000 contracts traded, averaging 9,700 contracts daily, and generating $1.63 billion in volume. These new options will feature smaller contract sizes and will expire daily from Monday to Friday, offering traders enhanced tools for managing bitcoin price risk. Giovanni Vicioso, CME Group's Global Head of Cryptocurrency Products, highlighted that these options will provide investors with a more precise and capital-efficient means to adjust their exposure to bitcoin, building on the success of the BFF. This move is seen as a step towards providing more granular control over cryptocurrency investments.

coindesk
January 30, 2025
Crypto
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