Chicago Mercantile Exchange Group (CME), the world’s leading derivative market, says it will introduce alternatives on Bitcoin Friday Futures on February 24. The move follows CME’s decision to Start XRP and Sol Futures In February also, all waiting approval of the legislation.
Just in: CME Group to launch options traded on Bitcoin Friday Futures.
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“We are pleased to offer these new alternatives that give traders even greater precision to manage short-term Bitcoin price risks,” said Giovanni Vicioso, CME Group Global Head of Cryptocurrency products. “To build on the success of our Bitcoin Friday Futures, the smaller size of these contracts, together with daily outputs, offers market participants a capital-efficient tool kit to effectively adapt their Bitcoin exposure.”
CME group to add Crypto Futures offers next month
According to CME Group, Bitcoin Friday Futures has become the group’s most successful product launch of Cryptocurrency. This new feature will affect Cryptocurrency -Derivat and all regulated crypto investment. Most market experts see these changes as key signals for crypto market trends.
Also read: 3 Made in US Cryptocurrency Coins Eyeing National Reserve Spot
In addition, CME announced today that some of the most popular futures products have started rolling out on Robinhood. These will include CME’s bitcoin and ether future products. “We are extremely pleased to offer some of our most popular future contracts to the broad network of retailers about Robinhood,” says Julie Winkler, head of CME Group. “Demand for futures has skyrocketed as a new generation of self -controlled traders seeks diversified investment opportunities. Extending retail access to futures trading is an integrated step in training and strengthening this new harvest of investors, and we look forward to working with Robinhood to continue to provide the products and resources needed to utilize the most important markets of the day. “