Share this article
Bitcoin Friday Futures: CME Group’s Top Crypto Launch Adds Options in February
These new financially settled contracts will expire daily from Monday to Friday.
Updated Jan 30, 2025, 10:47 a.m. Published Jan 30, 2025, 10:47 a.m.
What to know:
- CME Group announced it will launch in February options on bitcoin friday futures pending regulatory approval.
- These new contracts will be financially settled and expires every day of the business week, Monday to Friday.
Chicago Mercantile Exchange Group announced it will introduce options on Bitcoin Friday Futures (BFF) starting on Feb. 24, pending regulatory approval.
According to the press release, BFF was CME Group's most successful cryptocurrency launch. More than 775,000 contracts traded since launch on Sept. 29. The average daily volume was 9,700 contracts and 44% of contracts were traded during non-U.S. hours. One contract is worth one-50th of one BTC with BFF racking up $1.63 billion in volume since launch.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
These financially settled contracts will expire every day of the business week, Monday through Friday, providing traders with more risk management tools.
According to Giovanni Vicioso, CME Group Global Head of Cryptocurrency Products, these contracts will see smaller contract sizes and daily expirations and offer investors a more efficient toolset to adjust bitcoin exposure.
"We are pleased to offer these new options that provide traders with even greater precision to manage short-term bitcoin price risk, 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."
More For You
Solana CME Futures Fell Short of BTC and ETH Debuts, but There's a Catch
When adjusted for asset market capitalization SOL's relative futures volume looks better, K33 Research noted.
알아야 할 것:
- Solana's SOL futures began trading on the Chicago Mercantile Exchange (CME) on Monday, with a notional daily volume of $12.3 million and $7.8 million in open interest, significantly lower than the debuts of bitcoin (BTC) and ether (ETH) futures.
- Despite the seemingly lackluster debut, when adjusted to market value, SOL's first-day figures are more in line with BTC's and ETH's, according to K33 Research.
- Despite the bearish market conditions, the launch of CME SOL futures offers new ways for institutions to manage their exposure to the token, said Joshua Lim of FalconX.
Top Stories
