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ScottMelker
Aug 27, 2024
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CME Group is launching Bitcoin Friday Futures, a smaller-sized Bitcoin futures contract aimed at retail investors, priced at one-50th of a Bitcoin. Set to begin trading on September 30, pending regulatory approval, these weekly cash-settled contracts are designed to lower the capital required for participation, making Bitcoin futures more accessible. CME’s global head of cryptocurrency products, Giovanni Vicioso, noted that this product addresses the need for a more affordable option as Bitcoin's rising price has made existing futures contracts less accessible to smaller investors. The new BFF contracts will be listed every Thursday for a Friday trade date, with the Friday expiry specifically designed to closely track Bitcoin's spot price and help investors manage weekend price volatility. Source: Yahoo Finance