CME Group Set to Launch Bitcoin Friday Futures Options in February
CME Group has announced plans to introduce options for its popular Bitcoin Friday Futures (BFF) on February 24, contingent on regulatory approval. These options will offer new opportunities for market participants to hedge and manage bitcoin exposure with daily expirations from Monday through Friday.
Since the launch of BFF in late September, the product has quickly become CME Group’s most successful cryptocurrency offering. It has accumulated over 775,000 contracts traded, with an average daily volume of 9,700 contracts. Notably, 44% of these contracts are traded outside of U.S. market hours. Each BFF contract is valued at one-50th of a bitcoin, contributing to an impressive $1.63 billion in trading volume.
Giovanni Vicioso, CME Group’s Global Head of Cryptocurrency Products, shared his enthusiasm for the new offering:
“With smaller contract sizes and daily expirations, these options will provide traders with the flexibility they need to adjust their bitcoin exposure. Building on the success of our Bitcoin Friday Futures, these new options offer a precision tool for managing short-term price movements.”
The new options are expected to enhance the trading experience for both individual and institutional investors, further cementing CME Group’s role in the expanding crypto derivatives market.
