CME group announcement Options can be introduced to Bitcoin (BTC) Friday futures on January 29. A new contract will start on February 24.
According to the announcement, the contract is the first financial resolution of CME, but is being approved by the regulatory authorities.
Giovanni Vicioso of CME Group Global Head of Cryptocurrency Products has said that this product aims to provide traders with tools to manage short -term bitcoin price risks. He added:
“Based on the success of Bitcoin Fly Day Futures, the size of these contracts is small, and the expiration date of the daily expiration date, and the market participants effectively adjust the exposure of bitcoin. We will provide you.
Unlike the previous weekly options, these contracts have an expiration date of every year from Monday to Friday, enabling more accurate risk management.
The announcement also emphasized that the new options, “Financial Reconciliation,” adding convenience to traders who want to hedge bitcoin prices without the complexity of physical settlements.
Introducing the options into Bitcoin Fly Day Futures will complement the physically established CME -based cryptic deductive suite, such as bitcoin, Ethereum (ETH), micro bit coin, and micro -ether futures.
Since its debut on September 29, Bitcoin Fly Day Futures has soon become one of the most successful CME groups. The company has shared more than 775,000 contracts and the average daily volume is 9,700. In particular, 44 % of the contract was traded during non -US hours.
Demand for cryptographic risk management tools
The launch comes at a high institutional interest in bitcoin. Private companies have added BTC to the Ministry of Finance. US,, Brazil,, Switzerland,and Czech Republic-You are considering it for their reserves.
Joshua Lim, a global joint head of the Falconx market, has worked on this movement.
“Considering the increase in the density of the density of crypto transactions, the new options suite of the CME group Bitcoin Fly Day Futures, the granularity necessary for market participants to hedge and express the delicate opinions of bitcoin. We will provide you.
Galaxy Global Head of Trading Jason Urban stated that the options provide a “flexible and expensive method” for traders to optimize risk management while responding to changes in market conditions. 。
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