CME Group Announces Launch of Bitcoin Friday Futures Options

In a significant move for cryptocurrency markets, CME Group has announced plans to introduce options on Bitcoin Friday futures starting February 24, subject to regulatory approval. This new offering will feature expirations every business day, from Monday to Friday, providing traders with unprecedented flexibility in managing their bitcoin exposure.

Giovanni Vicioso, CME Group's Global Head of Cryptocurrency Products, highlighted the strategic importance of these new contracts. "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," Vicioso stated.

These financially-settled options on Bitcoin Friday futures are set to complement CME Group's existing suite of physically-settled options on Bitcoin, Ether, Micro Bitcoin, and Micro Ether futures. This expansion is aimed at providing investors with additional risk management flexibility, further solidifying CME Group's position as a leader in the cryptocurrency futures market.