Global derivatives marketplace CME Group Inc (NASDAQ:CME) on Wednesday announced the upcoming launch of options on its Bitcoin (CRYPTO: BTC) Friday futures contracts, pending regulatory approval.
These new contracts are set to be the first financially-settled cryptocurrency options offered by CME Group with daily expiries available Monday through Friday, aiming to provide traders greater flexibility for managing short-term Bitcoin price risk.
According to a release, the new options on Bitcoin Friday futures are designed to complement CME Group’s existing suite of physically-settled options on Bitcoin, Ether (CRYPTO: ETH), Micro Bitcoin and Micro Ether futures.
These new contracts are a tool for traders to …
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