CME Group to Launch Options on Bitcoin Friday Futures
CME Group has announced the launch of options on Bitcoin Friday futures on February 24, 2025, pending regulatory review. These will be CME's first financially-settled cryptocurrency options with daily expiries Monday through Friday.
The new options complement CME's existing physically-settled options suite and build upon the success of Bitcoin Friday futures, which has traded over 775,000 contracts since its September 29 launch, with an average daily volume of 9,700 contracts. Notably, 44% of contracts are traded during non-U.S. hours.
Industry leaders from FalconX and Galaxy have praised the introduction, highlighting the products' importance for risk management and hedging in the cryptocurrency market. The new options are designed to provide traders with greater precision in managing short-term bitcoin price risk through a capital-efficient toolset.
CME Group ha annunciato il lancio delle opzioni sui futures di Bitcoin Friday il 24 febbraio 2025, in attesa di revisione regolamentare. Queste rappresenteranno le prime opzioni su criptovalute con regolazione finanziaria di CME, con scadenze giornaliere dal lunedì al venerdì.
Le nuove opzioni completano l'attuale suite di opzioni con regolazione fisica di CME e si basano sul successo dei futures di Bitcoin Friday, che ha registrato oltre 775.000 contratti da quando è stato lanciato il 29 settembre, con un volume medio giornaliero di 9.700 contratti. È importante notare che il 44% dei contratti viene scambiato durante le ore non statunitensi.
I leader del settore di FalconX e Galaxy hanno lodato l'introduzione, sottolineando l'importanza dei prodotti per la gestione del rischio e la copertura nel mercato delle criptovalute. Le nuove opzioni sono progettate per fornire ai trader una maggiore precisione nella gestione del rischio di prezzo del bitcoin a breve termine attraverso un insieme di strumenti a capitale efficiente.
CME Group ha anunciado el lanzamiento de opciones sobre futuros de Bitcoin Friday el 24 de febrero de 2025, sujeto a revisión regulatoria. Estas serán las primeras opciones de criptomonedas liquidables financieramente de CME, con vencimientos diarios de lunes a viernes.
Las nuevas opciones complementan la actual suite de opciones físicamente liquidables de CME y se basan en el éxito de los futuros de Bitcoin Friday, que ha negociado más de 775,000 contratos desde su lanzamiento el 29 de septiembre, con un volumen diario promedio de 9,700 contratos. Notablemente, el 44% de los contratos se negocian fuera del horario de EE. UU.
Los líderes de la industria de FalconX y Galaxy han elogiado la introducción, destacando la importancia de los productos para la gestión del riesgo y la cobertura en el mercado de criptomonedas. Las nuevas opciones están diseñadas para proporcionar a los traders una mayor precisión en la gestión del riesgo de precio del bitcoin a corto plazo a través de un conjunto de herramientas eficientes en capital.
CME Group는 2025년 2월 24일에 비트코인 금요일 선물 옵션을 출시한다고 발표했으며, 규제 검토를 기다리고 있습니다. 이는 CME의 첫 번째 재무 정산 암호화폐 옵션으로 평일 월요일부터 금요일까지 매일 만기가 있습니다.
새로운 옵션은 CME의 기존 실물 정산 옵션 제품군을 보완하며, 9월 29일 출시 이후 775,000 계약 이상 거래된 비트코인 금요일 선물의 성공을 기반으로 합니다. 평균 일일 거래량은 9,700 계약입니다. 특히 44%의 계약이 미국 이외의 시간에 거래됩니다.
FalconX와 Galaxy의 업계 리더들은 이 도입을 찬양하며, 암호화폐 시장에서의 위험 관리 및 헤징의 중요성을 강조했습니다. 새로운 옵션은 단기 비트코인 가격 위험을 관리하기 위한 보다 정밀한 도구 세트를 거래자에게 제공하기 위해 설계되었습니다.
CME Group a annoncé le lancement d'options sur les futurs Bitcoin Friday le 24 février 2025, sous réserve d'un examen réglementaire. Ce seront les premières options en cryptomonnaie cashées financièrement par CME, avec des échéances quotidiennes du lundi au vendredi.
Les nouvelles options complètent la suite existante d'options physiquement réglées de CME et s'appuient sur le succès des futurs Bitcoin Friday, qui ont échangé plus de 775 000 contrats depuis leur lancement le 29 septembre, avec un volume quotidien moyen de 9 700 contrats. Il est à noter que 44 % des contrats sont échangés en dehors des heures américaines.
Les leaders de l'industrie de FalconX et Galaxy ont salué cette introduction, soulignant l'importance des produits pour la gestion des risques et la couverture sur le marché des cryptomonnaies. Les nouvelles options sont conçues pour donner aux traders une plus grande précision dans la gestion du risque de prix à court terme du bitcoin grâce à un ensemble d'outils à capitaux efficaces.
CME Group hat die Einführung von Optionen auf Bitcoin Friday Futures für den 24. Februar 2025 angekündigt, vorbehaltlich der regulatorischen Genehmigung. Dies werden die ersten finanziell abgewickelten Krypto-Optionen von CME sein, die von Montag bis Freitag tägliche Verfallstermine haben.
Die neuen Optionen ergänzen das bestehende physisch abgewickelte Optionsangebot von CME und bauen auf dem Erfolg der Bitcoin Friday Futures auf, die seit ihrem Start am 29. September über 775.000 Verträge gehandelt wurden, mit einem durchschnittlichen täglichen Volumen von 9.700 Verträgen. Bemerkenswert ist, dass 44% der Verträge außerhalb der US-Zeiten gehandelt werden.
Führungskräfte von FalconX und Galaxy haben die Einführung gelobt und die Bedeutung der Produkte für das Risikomanagement und Hedging im Krypto-Markt hervorgehoben. Die neuen Optionen sind darauf ausgelegt, den Händlern eine größere Präzision bei der Verwaltung des kurzfristigen Preisrisikos von Bitcoin durch ein kapital-effizientes Werkzeugset zu bieten.
- Launch of new financially-settled Bitcoin options product expanding CME's crypto derivatives offering
- Strong performance of Bitcoin Friday futures with 775,000 contracts traded
- High average daily volume of 9,700 contracts showing strong market adoption
- Global market reach with 44% of trading during non-U.S. hours
- None.
Insights
CME Group's launch of options on Bitcoin Friday futures marks a strategic evolution in cryptocurrency derivatives, introducing several market-moving implications:
Product Innovation & Market Impact: The daily expiry feature represents a significant competitive advantage, offering unprecedented flexibility compared to traditional weekly or monthly options. This granularity allows institutions to fine-tune their risk management with surgical precision, particularly valuable given crypto's 24/7 trading nature and high volatility.
Volume & Revenue Potential: With Bitcoin Friday futures achieving remarkable traction (775,000 contracts since launch, 9,700 average daily volume), the options overlay could substantially boost CME's transaction revenue. The
Institutional Adoption Catalyst: Support from major liquidity providers like FalconX and Galaxy signals strong institutional interest. The financial settlement feature simplifies operational aspects compared to physically-settled options, potentially accelerating institutional adoption. This aligns with the broader trend of traditional finance increasingly embracing cryptocurrency derivatives.
Market Structure Impact: This launch strengthens CME's position in the institutional crypto derivatives space, potentially capturing market share from unregulated offshore venues. The capital efficiency benefits and regulatory compliance make these options particularly attractive to regulated entities like banks and asset managers.
These new contracts will be the first CME Group cryptocurrency options to be financially-settled, with expiries available every day of the business week, Monday through Friday.
"We are pleased to offer these new options that provide traders with even greater precision to manage short-term bitcoin price risk," said Giovanni Vicioso, CME Group Global Head of Cryptocurrency Products. "Building on the success of our Bitcoin Friday futures, the smaller size of these contracts, along with daily expiries, offer market participants a capital-efficient toolset to effectively adjust their bitcoin exposure."
Financially-settled options on Bitcoin Friday futures will complement CME Group's existing suite of physically-settled options on Bitcoin, Ether, Micro Bitcoin and Micro Ether futures, providing additional risk management flexibility to investors.
"Given the increasing density of tradable catalysts in crypto, CME Group's new option suite on Bitcoin Friday futures provides the granularity that market participants need for hedging and expressing nuanced views on Bitcoin," said Joshua Lim, Global Co-head of Markets, FalconX.
"As a major liquidity provider in the digital asset derivatives space, we see CME Group's introduction of options on Bitcoin Friday futures as a timely, important addition to the market," said Jason Urban, Global Head of Trading at Galaxy. "These contracts offer a flexible and cost-effective way for our trading desk to optimize risk management and provide tailored solutions to our counterparties navigating bitcoin price volatility."
Bitcoin Friday futures have become CME Group's most successful cryptocurrency product launch. Trading highlights include:
- More than 775,000 contracts traded since launch on September 29
- Average daily volume of 9,700 contracts
44% of contracts traded during non-U.S. hours
For more information on these products, please visit: cmegroup.com/bff.
As the world's leading derivatives marketplace, CME Group (www.cmegroup.com) enables clients to trade futures, options, cash and OTC markets, optimize portfolios, and analyze data – empowering market participants worldwide to efficiently manage risk and capture opportunities. CME Group exchanges offer the widest range of global benchmark products across all major asset classes based on interest rates, equity indexes, foreign exchange, energy, agricultural products and metals. The company offers futures and options on futures trading through the CME Globex platform, fixed income trading via BrokerTec and foreign exchange trading on the EBS platform. In addition, it operates one of the world's leading central counterparty clearing providers, CME Clearing.
CME Group, the Globe logo, CME, Chicago Mercantile Exchange, Globex, and E-mini are trademarks of Chicago Mercantile Exchange Inc. CBOT and
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SOURCE CME Group
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