CME collection Declare On January 29, you will offer options on Bitcoin (BTCFuture Friday. The new contracts will be launched on February 24.
According to the announcement, the contracts are CME The first -to -settling coding product is still a matter of organizational approval.
Giovanni Vicioso, CME Global Global Products Cryptocurrency, stated that the product aims to provide traders with tools for short bitcoin risk management. He added:
“Based on the success of the future contracts for the Bitcoin Fride, the smaller volume of these contracts, along with the end of the daily validity, provides the market participants in the market a set of capital to control their exposure to Bitcoin effectively.”
Unlike traditional weekly options, these contracts will witness the expiration of every working day, from Monday to Friday, allowing risk management more accurate.
The announcement also highlighted that the financial settlement of the new options adds a comfort to merchants who seek to hedge from bitcoin price movements without the complications of material settlement.
The introduction of options in Bitcoin Futures will complete the current CME group of physically settled codes, including Bitcoin and Ethereum (EthFlour bitcoin, ether automatic contracts.
Since its first appearance on September 29, Bitcoin Futures has become one of the most successful Crypto Crypto products in CME Group. The company has shared that more than 775,000 contracts were traded, with an average daily volume of 9,700. It is worth noting that 44 % of the contracts were circulated within non -American hours.
Request for encryption risk management tools
The launch comes at a time when institutional interest in Bitcoin is high. BTC private companies add cabinets, and even countries – like USand Braziland Switzerlandand Czech RepublicConsider this in their reserves.
Joshua Lim, the global coach of the markets in Falconx, dealt with this movement:
“Due to the increased density of CRYPTO, the new CME options on Bitcoin Futures provides the details of the market participants to hedge and express accurate views on Bitcoin.”
Galaxy Jason Urban’s global trading head has echoed the feelings, saying that the options provide a “flexible and cost -effective means” for traders to improve risk management while responding to market conditions.