CME Group Announces New Bitcoin Friday Futures Options

In a groundbreaking move, CME Group has revealed plans to introduce options on Bitcoin Friday futures starting February 24, subject to regulatory approval. These innovative contracts will feature daily expirations from Monday to Friday, offering unparalleled flexibility in the cryptocurrency market.

Giovanni Vicioso, CME Group's Global Head of Cryptocurrency Products, emphasized the strategic advantage of these new options. "Following the success of our Bitcoin Friday futures, these smaller, daily-expiring contracts provide market participants with a capital-efficient mechanism to manage their bitcoin exposure more effectively," Vicioso stated.

This new offering will complement CME Group's existing suite of cryptocurrency products, including physically-settled options on Bitcoin, Ether, Micro Bitcoin, and Micro Ether futures. The addition of financially-settled options on Bitcoin Friday futures is set to enhance risk management capabilities for investors, marking a significant milestone in the evolution of cryptocurrency trading.