Bitcoin and CME Unveil New Trading Opportunities with Launch of Options on Friday Futures
by aria-crypto.com
January 29, 2025 at 19:16
Bitcoin and CME Unveil New Trading Opportunities with Launch of Options on Friday Futures
The Chicago Mercantile Exchange (CME) Group is set to enhance its cryptocurrency product lineup by introducing options on its Bitcoin Friday futures starting February 24, pending regulatory approval. These innovative options will be cash-settled, aligning with the needs of traders to manage short-term price risks more precisely without direct Bitcoin transactions. This initiative follows the successful launch of Bitcoin Friday futures last September, which witnessed over 775,000 contracts traded, pointing towards a robust interest from retail investors. Giovanni Vicioso, CME's global head of cryptocurrency products, highlighted that the addition of these options will offer traders advanced tools for adjusting their Bitcoin exposure as market dynamics evolve. The Bitcoin Friday futures, known for their smaller contract size, make these options accessible to a broader range of market participants, enhancing CME’s existing suite of cryptocurrency derivatives. Moreover, the daily expiries of these options provide a capital-efficient method to address exposure needs, supplementing CME’s goal to cater to evolving investor preferences in the cryptocurrency space.
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