COINOTAG News, January 30th – In a significant development for the cryptocurrency market, the CME Group, recognized as the largest operator of financial derivatives exchanges globally, has announced its intent to introduce Bitcoin Friday Futures (BFF) on February 24th, subject to regulatory approval. This forthcoming initiative will mark the launch of the inaugural batch of cash-settled cryptocurrency options provided by the Chicago Mercantile Exchange. Notably, these contracts are designed with expiry dates set for every weekday, from Monday through Friday.
The BFF contracts aim to cater to a diverse range of market participants by being of smaller scale; each contract will represent only 1/50 of a Bitcoin. This unique structure is poised to offer a capital-efficient mechanism for market players, enabling them to dynamically adjust their exposure to Bitcoin. Such features make these contracts particularly appealing to both institutional investors and active retail traders seeking strategic opportunities in the evolving crypto landscape.