Chicago Mercantile Exchange Group announced that he will present options at Bitcoin Friday Futures (BFF) from February 24, waiting for regulatory approval.
According to the press release, BFF was the launch of more successful CME Group cryptocurrencies. More than 775,000 contracts negotiated since the launch on September 29. The average daily volume was 9,700 contracts and 44% of the contracts were negotiated during non -American hours. A contract is worth one to 50ยบ of a BTC with BFF accumulating $ 1.63 billion in volume from the launch.
These financially established contracts will expire every day of the Business Week, from Monday to Friday, which provides merchants more risk management tools.
According to Giovanni Vicioso, CME Group Global Head of Cryptocurrecy Products, these contracts will see smaller contract sizes and daily expirations and will offer investors a more efficient set of tools to adjust Bitcoin exposure.
“We are pleased Daily, market participants offer a set of capital tools to effectively adjust their exposure to Bitcoin. “
