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CME Group announced 29. January to introduce options on Friday on Friday Bitcin (BTC). New contracts will be launched 24. February.
According to the announcement, contracts are CME’s first financial settled products Crypto options, although the regulatory approval is still waiting.
Giovanni Vicioso, CME Group Global Product manager for cryptoturctures, said the product would like to provide traders for short-term risk management tools from Bitcoins. He added:
“The building on the success of our Bitcoin on Friday, smaller size of these contracts, together with the daily deadline, offer market participants in the capital efficient tool for effective adjustment of your exposure to Bitcoin.”
Unlike traditional weekly options, these contracts will have the expiration of the time every working day, from Monday to Friday, enabling more precise risk management.
The announcement also pointed out that financial resolution of new options adds the convenience of traders who want to protect the movement of bitcoin prices without the complexity of the physical settlement.
We present the options in the future Bitcoin futures will complete the CME existing apartment physically resolved cryptonian derivatives, including Bitcoin, Ethereum (ETH), micro Bitcoin and Micro Ether future.
From their debia 29. September, Futures Bitcoinda Friday quickly quickly became one of the most successful CME Groups the most successful crypto products. The company shared that trading is more than 775,000 contracts, with an average daily scale of 9,700. It was significantly 44% of the contract traded during the hours that are not now.
Demand for crypto management tools
Starting comes at a time when institutional interest in Bitcoin is high. Private companies add BTC to their treasures and even ground – like Now, Brazil, Switzerlandand Czech Republic– I can consider their reserves.
Joshua Lim, global co-head of the market on Falconx, addressed this movement:
“Given the growing density of the Cardizer in Krypto, the new Optional CME Group’s apartment in Bitcoina futures are provides granity that market participants need to protect and express tinted views on Bitcoin.”
The Galaxy Global of Jason Urban echoed the feeling, stating that the options provide “flexible and cost-effective and retailers to optimize risk management while responding to the movement of market conditions.
