TechFlow news, January 30 — According to The Block, the Chicago Mercantile Exchange (CME) Group, the world's largest financial derivatives exchange operator, announced on January 30 that it plans to launch Bitcoin Friday Futures (BFF) options contracts on February 24, pending regulatory review.
This will be CME Group’s first cash-settled cryptocurrency options product, with options expiration dates available for every weekday from Monday to Friday. Notably, the BFF contract size is 1/50 of a bitcoin. Since its launch on September 30 last year, the BFF has generated over 775,000 contracts in cumulative trading volume, averaging 9,700 contracts per day, with total trading volume reaching $1.63 billion—44% of which occurred outside U.S. trading hours.
