CME to launch options on Bitcoin “Friday” futures
The US futures exchange will offer retail-friendly, cash-settled tools for managing risk tied to Bitcoin’s volatility.
The Chicago Mercantile Exchange (CME) Group, a US futures exchange, is preparing to list options tied to its bite-sized Bitcoin Friday futures amid mounting interest in cryptocurrency derivatives among retail investors, according to a Jan. 29 announcement by CME.
The options, which will settle in cash rather than spot Bitcoin (BTC), will start trading on Feb. 24, pending regulatory approval, the CME said. They will complement the CME’s existing suite of physically settled options on BTC and Ether (ETH) futures, it said.
“[T]hese new options […] provide traders with even greater precision to manage short-term bitcoin price risk,” Giovanni Vicioso, CME’s global head of cryptocurrency products, said in a statement.
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Author: Alex O’Donnell
