The Chicago Mercantile Exchang Group has announced that it will make options on Bitcoin on Friday futures (BFF) starting on February 24, pending organizational approval.
According to press releaseBFF was the most successful launch of an encrypted currency in CME Group. More than 775,000 contracts have been circulated since its launch on September 29. The average daily size was 9,700 contracts and 44 % of the contracts were traded within non -American hours. The value of one contract from one to 50 BTC with BFF is raising $ 1.63 billion in size since launch.
The validity of these financial contracts will end every day from the working days, from Monday to Friday, providing merchants with more risk management tools.
According to Giovanni Vicioso, head of CME Group Global Global Cryptocurrency, these contracts will witness smaller sizes of contracts and daily joins and provide investors a more efficient tool for bitcoin exposure.
“We are pleased to offer these new options that provide merchants more accurately to manage short -term bitcoin risk, and build on the success of our future return on Friday, and the smaller size of these contracts, along with the end of the daily validity, with the market participants a set of capital providers to control the bitcoin exposure Effectively.
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