CME Group Announces Launch of 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. This innovative offering will feature daily expirations from Monday to Friday, providing unprecedented flexibility for market participants.

Giovanni Vicioso, CME Group's Global Head of Cryptocurrency Products, emphasized the strategic value of these new contracts. "Following the success of our Bitcoin Friday futures, these smaller, daily expiring options offer a capital-efficient solution for managing bitcoin exposure," Vicioso stated.

This new financial instrument will complement CME Group's existing suite of cryptocurrency derivatives, including physically-settled options on Bitcoin, Ether, Micro Bitcoin, and Micro Ether futures. The addition is poised to enhance risk management strategies for investors navigating the volatile crypto markets.