CME plans to launch Bitcoin Friday Futures Options (BFF) on February 24
January 30, according to TheBlock, Chicago Commodity Exchange Platform Group (CMEGroup), the world's largest financial derivatives exchange operator, announced today that it plans to launch Bitcoin Friday Futures (BFF) on February 24, and is currently awaiting regulatory approval. BFF will become the first cash-settled cryptocurrency options offered by the Chicago Mercantile Exchange, with an expiration date on every business day Monday to Friday. These contracts are small in size (just 1/50 of a BTC per contract) and expire daily, providing market participants with a set of capital-efficient tools to effectively adjust their Bitcoin exposure, suitable for both institutional investors and active retail traders.
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