CME Group, a leading derivatives marketplace, has announced that it will be expanding its cryptocurrency options offering. This move will include new expiry dates for Bitcoin and Ether futures contracts. Traders will now have the flexibility to manage short-term price risks as options will expire every day from Monday to Friday.
In addition, options on micro-sized Bitcoin and Ether futures contracts will add Tuesday and Thursday expiries to their existing Monday, Wednesday, and Friday contracts. This newly added feature will complement the existing monthly and quarterly expiries that are already available across all Bitcoin and Ether options on futures contracts.
This expansion of CME Group’s cryptocurrency options offering is a response to the growing demand for digital assets. The new expiry dates will provide traders with greater flexibility to manage their portfolios and hedge against market volatility. It also demonstrates CME Group’s commitment to providing innovative solutions to meet the evolving needs of its clients.
CME Group’s decision to expand its cryptocurrency options offering comes at a time when the market is experiencing significant growth. Bitcoin, the world’s largest cryptocurrency, has seen its price surge to new all-time highs in recent months. This has led to increased interest from institutional investors who are looking to diversify their portfolios and gain exposure to digital assets.
The expansion of CME Group’s cryptocurrency options offering is expected to further fuel this growth. Traders will now have more opportunities to participate in the market and manage their risk. This move also underscores the growing acceptance of cryptocurrencies as a legitimate asset class.
Overall, CME Group’s expansion of its cryptocurrency options offering is a positive development for the industry. It provides traders with greater flexibility and demonstrates the growing acceptance of digital assets as a legitimate investment. As the market continues to evolve, it is likely that we will see more institutions follow in CME Group’s footsteps and offer similar products to their clients.