• The Chicago Mercantile Exchange (CME) Group has announced the addition of daily expirations for Bitcoin (BTC) and Ether (ETH) futures options contracts.
• The contracts will have expirations available every day of the business week, starting May 22nd.
• CME Group’s Global Head of Cryptocurrency Products Giovanni Vicioso stated that the new offering will assist clients in managing short-term bitcoin and ether price risk amid “heightened market volatility.”
CME Group Announces New Offerings
The Chicago Mercantile Exchange (CME) Group has announced adding daily expirations for Bitcoin (BTC) and Ether (ETH) futures options contracts. Pending regulatory review, these two new additions will have expirations Mondays through Fridays.
Expirations Available Every Day of the Business Week
According to the official press release, CME Group will offer new expiries for options on Bitcoin and Ether futures, with expirations available every day of the business week starting from May 22nd. Additionally, contracts based on micro-sized Bitcoin and Ether futures will add Tuesday and Thursday expiries to their existing Monday, Wednesday, and Friday offerings.
Managing Short-Term Price Risk
The company said that the new offerings are intended to complement the existing monthly and quarterly expiries available across all Bitcoin and Ether options on future contracts. Commenting on this expansion of its suite of cryptocurrency options, CME Group’s Global Head of Cryptocurrency Products Giovanni Vicioso stated: “We are pleased to offer these new options contracts to provide market participants with greater precision and versatility in managing short-term bitcoin and ether price risk.“
Heightened Market Volatility
Vicioso further commented that „Against a backdrop of heightened market volatility in the digital asset sector,“ CME is looking to continue innovating its suite crypto products in order to better serve its customer base around the world.
Overall, CME Group’s announcement is an important step towards providing more sophisticated derivatives products into an increasingly mainstream asset class while simultaneously helping traders manage their short-term cryptocurrency price risks amidst high market volatility levels.