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CME Group to Launch Options trading on Bitcoin Friday Futures


CME Group to Launch Options trading on Bitcoin Friday Futures

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Chicago Mercantile Exchange Group (CME), the world’s leading derivatives marketplace, says it will introduce options on Bitcoin Friday futures on February 24. The move follows CME’s decision to launch XRP and SOL Futures in February as well, all pending regulatory approval.

“We are pleased to offer these new options that provide traders with even greater precision to manage short-term bitcoin price risk,” said Giovanni Vicioso, CME Group Global Head of Cryptocurrency Products. “Building on the success of our Bitcoin Friday futures, the smaller size of these contracts, along with daily expiries, offer market participants a capital-efficient toolset to effectively adjust their Bitcoin exposure.”

These new contracts will be the first CME Group cryptocurrency options to be financially settled, according to a CME press release. The contracts will feature expiries available every day of the business week, Monday through Friday. Financially-settled options on Bitcoin Friday futures will complement CME Group’s existing suite of physically-settled options on Bitcoin, Ether, Micro Bitcoin, and Micro Ether futures. These physically settled options provide additional risk management flexibility to investors.

CME Group to Add to Crypto Futures Offerings Next Month

According to CME Group, Bitcoin Friday futures have become the group’s most successful cryptocurrency product launch. This new move will affect cryptocurrency derivatives and all the regulated crypto investments. Most market experts see these changes as key signals for crypto market trends.

Also Read: 3 Made In USA Cryptocurrency Coins Eyeing National Reserve Spot

Furthermore, CME announced today that some of its most popular futures products have started rolling out on Robinhood. These will include CME’s Bitcoin and Ether future products. “We are extremely pleased to offer some of our most popular futures contracts to the broad network of retail traders on Robinhood,” said Julie Winkler, Chief Commercial Officer at CME Group. “Demand for futures has skyrocketed as a new generation of self-directed traders is seeking diversified investment opportunities. Expanding retail access to futures trading is an integral step in educating and empowering this new crop of investors, and we look forward to working with Robinhood to continue providing the products and resources needed to tap into today’s most important markets.”

Read the article at Watcher.Guru

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