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icago Mercantile Exchange (CME) Group is set to launch its latest options linked to Bitcoin Friday futures on Feb. 24, pending regulatory approval. The move is aimed at meeting growing retail investor demand for crypto derivatives.
The option comes in a small contract size—just one-tenth of a Bitcoin, larger than Coinbase’s nano contract but still more affordable than a standard Bitcoin futures contract. Since its debut in September, Bitcoin Friday has seen more than 775,000 contracts traded, proving its popularity among traders.
The launch adds to the dynamics of the crypto options market in the US, after the SEC gave the green light for spot Bitcoin ETF options on Nasdaq, NYSE, and Cboe by the end of 2023. As more Bitcoin derivative products are approved, institutional adoption could grow even stronger, opening up huge profit opportunities for crypto investors.