International derivatives marketplace CME Group today announced it will introduce options on Bitcoin Friday futures on February 24, pending regulatory review.
These new contracts will be the first CME Group cryptocurrency options to be financially-settled, with expiries available every day of the business week, Monday through Friday.
“We are pleased to offer these new options that provide traders with even greater precision to manage short-term bitcoin price risk,” said Giovanni Vicioso, CME Group Global Head of Cryptocurrency Products. “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.”
Financially-settled options on Bitcoin Friday futures will complement CME Group’s existing suite of physically-settled options on Bitcoin,…
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