Chicago Mercantile Exchange Group announced that it would present options on Bitcoin Friday Futures (BFF) from February 24, awaiting regulatory approval.
According to the press release, BFF was the most successful launch of the CME group cryptocurrency. More than 775,000 contracts negotiated since their launch on September 29. The average daily volume was 9,700 contracts and 44% of contracts were negotiated during non -American hours. A contract is worth one-50th of a BTC with BFF accelerating $ 1.63 billion in volume since its launch.
These financially paid contracts will expire business week every day, from Monday to Friday, offering traders more risk management tools.
According to Giovanni Vicioso, CME Group Global Head of cryptocurrency products, these contracts will see smaller contract sizes and daily expirations and offer investors a more effective set of tools to adjust exposure to bitcoin.
“We are delighted to offer these new options which offer merchants an even greater precision to manage the risk of short -term bitcoin price, based on the success of our term contracts on Bitcoin Friday, the smallest Size of these contracts, as well as daily expirations, offer market players a set of capital in capital to adjust their exposure to bitcoin effectively.
