CME Group Announces Launch of Bitcoin Friday Futures Options

In a significant move to expand its cryptocurrency offerings, CME Group has revealed plans to introduce options on Bitcoin Friday futures starting February 24, subject to regulatory approval. These new contracts will feature daily expirations from Monday to Friday, providing market participants with a capital-efficient mechanism to manage their bitcoin exposure.

Giovanni Vicioso, CME Group's Global Head of Cryptocurrency Products, emphasized the strategic importance of these options, stating, "The introduction of daily expiries and the smaller contract size of our Bitcoin Friday futures options offer a versatile toolkit for investors to fine-tune their bitcoin positions with precision."

This new product line will complement CME Group's existing suite of physically-settled options on Bitcoin, Ether, Micro Bitcoin, and Micro Ether futures, thereby offering investors enhanced risk management capabilities in the volatile cryptocurrency market.