CHICAGO, Jan. 29,
2025 /PRNewswire/ -- CME Group, the world's leading
derivatives marketplace, 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, Ether, Micro Bitcoin and Micro Ether futures, providing
additional risk management flexibility to investors.
"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," said Joshua Lim, Global Co-head of Markets,
FalconX.
"As a major liquidity provider in the digital asset derivatives
space, we see CME Group's introduction of options on Bitcoin Friday
futures as a timely, important addition to the market," said
Jason Urban, Global Head of Trading
at Galaxy. "These contracts offer a flexible and cost-effective way
for our trading desk to optimize risk management and provide
tailored solutions to our counterparties navigating bitcoin price
volatility."
Bitcoin Friday futures have become CME Group's most successful
cryptocurrency product launch. Trading highlights include:
- More than 775,000 contracts traded since launch on September 29
- Average daily volume of 9,700 contracts
- 44% of contracts traded during non-U.S. hours
For more information on these products, please visit:
cmegroup.com/bff.
As the world's leading derivatives marketplace, CME Group
(www.cmegroup.com) enables clients to trade futures, options, cash
and OTC markets, optimize portfolios, and analyze data – empowering
market participants worldwide to efficiently manage risk and
capture opportunities. CME Group exchanges offer the widest range
of global benchmark products across all major asset classes based
on interest rates, equity indexes, foreign
exchange, energy, agricultural
products and metals. The company offers futures and
options on futures trading through the CME Globex platform,
fixed income trading via BrokerTec and foreign exchange trading on
the EBS platform. In addition, it operates one of the world's
leading central counterparty clearing providers, CME
Clearing.
CME Group, the Globe logo, CME, Chicago Mercantile Exchange,
Globex, and E-mini are trademarks of Chicago Mercantile Exchange
Inc. CBOT and Chicago Board
of Trade are trademarks of Board of Trade of the City of Chicago, Inc. NYMEX, New York
Mercantile Exchange and ClearPort are trademarks of New York
Mercantile Exchange, Inc. COMEX is a trademark of Commodity
Exchange, Inc. BrokerTec is a trademark of BrokerTec Americas LLC
and EBS is a trademark of EBS Group LTD. The S&P 500 Index is a
product of S&P Dow Jones Indices LLC ("S&P DJI").
"S&P®", "S&P 500®", "SPY®", "SPX®", US 500 and The 500 are
trademarks of Standard & Poor's Financial Services LLC; Dow
Jones®, DJIA® and Dow Jones Industrial Average are service and/or
trademarks of Dow Jones Trademark Holdings LLC. These trademarks
have been licensed for use by Chicago Mercantile Exchange Inc.
Futures contracts based on the S&P 500 Index are not sponsored,
endorsed, marketed, or promoted by S&P DJI, and S&P DJI
makes no representation regarding the advisability of investing in
such products. All other trademarks are the property of their
respective owners.
CME-G
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SOURCE CME Group
