CME to Launch Bitcoin Friday Futures Options Contract at 1/50th of Bitcoin in February

On January 30, CME Group, operator of the world's largest financial derivatives exchange, announced that it will launch a Bitcoin Friday Futures (BFF) options contract on February 24, which is currently subject to regulatory review, according to Theblock.

This will be the first time CME Group has offered a cash-settled cryptocurrency options product, with expiration dates available every business day from Monday through Friday. Notably, the BFF contract is for 1/50th of a Bitcoin, and since its launch on September 30th of last year, it has generated more than 775,000 contracts traded, with an average daily volume of 9,700 and a total volume of $1.63 billion, 44% of which occurred outside of U.S. trading hours.