CME Group Announces Launch of Options on Bitcoin Friday Futures

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 is designed to provide market participants with a more capital-efficient mechanism for adjusting their bitcoin exposure, featuring daily expiries from Monday to Friday.

Giovanni Vicioso, CME Group's Global Head of Cryptocurrency Products, emphasized the strategic importance of these new contracts. "Following the success of our Bitcoin Friday futures, these smaller-sized contracts with daily expiries offer an effective toolset for market participants to manage their bitcoin exposure efficiently," Vicioso stated.

These financially-settled options will enhance CME Group's existing suite of cryptocurrency products, including physically-settled options on Bitcoin, Ether, Micro Bitcoin, and Micro Ether futures. This expansion is poised to offer investors unparalleled risk management flexibility in the dynamic cryptocurrency market.