Chicago Mercantile Exchange (CME) Group, the derivatives marketplace, has announced plans to expand its range of cryptocurrency options by adding new options to its standard and micro-sized Bitcoin and Ether contracts.
According to the announcement, CME Group's expanded suite of cryptocurrency options will include new expiry dates for Bitcoin and Ether futures contracts. These options will now expire every day from Monday to Friday, providing traders with greater flexibility to manage short-term price risks. Furthermore, options on micro-sized Bitcoin and Ether futures contracts will add Tuesday and Thursday expiries to their existing Monday, Wednesday, and Friday contracts. The newly added expiries will complement the existing monthly and quarterly expiries that are already available across all Bitcoin and Ether options on futures contracts.
The exchange achieved a record daily average notional of more than $3bn through Q1 2023, signifying an increase in client demand for liquid hedging tools for Bitcoin and Ether.
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