CME Group to Introduce Options on Its Leading Bitcoin Futures This February

CME Group Expands Bitcoin Friday Futures With Options Launch in February

CME Group is set to introduce options on its Bitcoin Friday Futures (BFF) starting Feb. 24, pending regulatory approval, further expanding its suite of cryptocurrency derivatives.

Since launching on Sept. 29, BFF has become CME Group’s most successful crypto product, with over 775,000 contracts traded. The futures have seen an average daily volume of 9,700 contracts, with nearly half of trading activity occurring outside U.S. market hours. Each contract is structured to represent one-50th of a bitcoin, driving total volume to $1.63 billion.

The newly announced options contracts will be financially settled and offer expirations every weekday from Monday to Friday, giving traders more flexibility in managing their exposure to bitcoin price movements.

Giovanni Vicioso, CME Group’s Global Head of Cryptocurrency Products, emphasized the benefits of the new offering:

“With smaller contract sizes and daily expirations, these options will allow traders to fine-tune their bitcoin risk management strategies with even greater efficiency. This launch builds on the strong momentum of our Bitcoin Friday Futures, delivering another capital-efficient tool for market participants.”