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CME Group to Launch Options on Its Bitcoin Friday Futures in February

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CME group, the world’s leading derivative market, has Declare It plans to provide options for Bitcoin Frowne’s futures starting from February 24, pending organizational approval. These new contracts will be the first coded currency options from the CME group that is financially settled, with the end of every working day, from Monday to Friday.

The financial options, also known as the monetary options, are derivative contracts where the settlement does not include the validity of the material delivery of the basic asset. Instead, profit or loss of cucumber is calculated based on the difference between the price of the strike for the option and the market price for the basic asset at the expiration time, then this amount is paid in cash.

“We are pleased to offer these new options that provide merchants more accurately to manage short -term bitcoin risk,” said Giovanni Picoosu, head of CEME Group. “Based on the success of the future contracts for Bitcoin Frications, the smaller size of these contracts, along with the end of the daily validity, provides the participants in the market a set of capital provides to control their exposure to Bitcoin effectively.”

The CME group said that these financially resettable options will enhance the collection of other cryptocurrencies, which already includes physical stable options for futures for bitcoin and bitcoin.

“Given the increased density of trading stimuli in Crypto, the new CME options group at Bitcoin Fride House provides the details of the market participants to hedge and expressing accurate views about Bitcoin”. .

Since its launch on September 29, Bitcoin Futures has become the most successful CME products in the encrypted currency, with more than 775,000 contracts and average daily volume of 9,700 contracts. It is worth noting that 44 % of deals occurred within non -American hours, with a highlight of global demand.

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