4 months ago
Chicago Mercantile Exchange Group announced it volition present options connected Bitcoin Friday Futures (BFF) starting connected Feb. 24, pending regulatory approval.
According to the press release, BFF was CME Group's astir palmy cryptocurrency launch. More than 775,000 contracts traded since motorboat connected Sept. 29. The mean regular measurement was 9,700 contracts and 44% of contracts were traded during non-U.S. hours. One declaration is worthy one-50th of 1 BTC with BFF racking up $1.63 cardinal successful measurement since launch.
These financially settled contracts volition expire each time of the concern week, Monday done Friday, providing traders with much hazard absorption tools.
According to Giovanni Vicioso, CME Group Global Head of Cryptocurrency Products, these contracts volition spot smaller declaration sizes and regular expirations and connection investors a much businesslike toolset to set bitcoin exposure.
"We are pleased to connection these caller options that supply traders with adjacent greater precision to negociate short-term bitcoin terms risk, gathering connected the occurrence of our Bitcoin Friday futures, the smaller size of these contracts, on with regular expiries, connection marketplace participants a capital-efficient toolset to efficaciously set their bitcoin exposure."
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