The Chicago Mercantile Exchange Group (CME Group) will introduce options on Bitcoin Friday Futures (BFF) starting on Feb. 24, pending regulatory approval. BFF has been the most successful cryptocurrency launch for CME Group, with over 775,000 contracts traded since its launch on Sept. 29. The average daily volume was 9,700 contracts, and 44% of contracts were traded during non-U.S. hours. These financially settled contracts will expire daily from Monday to Friday, providing traders with more risk management options. According to Giovanni Vicioso, CME Group Global Head of Cryptocurrency Products, these smaller contract sizes and daily expirations will offer investors a more efficient toolset to adjust their bitcoin exposure.



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