CME Group plans to launch financially-settled options on Bitcoin Friday futures starting February 24, pending regulatory approval. This move follows the success of existing Bitcoin futures, marking the first cryptocurrency options that are cash-settled. Giovanni Vicioso highlighted that these new contracts will enable traders to more accurately manage short-term Bitcoin price risks. With daily expirations and smaller contract sizes, they provide a better tool for adjusting Bitcoin exposure. The introduction of these options reflects CME Group's commitment to enhancing its suite of cryptocurrency derivatives amid growing market demand.
We are pleased to offer these new options that provide traders with even greater precision to manage short-term bitcoin price risk,
Given the increasing density of tradable catalysts in crypto, CME Group's new option suite on Bitcoin Friday futures provides the granularity that market participants need for hedging and expressing nuanced views on Bitcoin,
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