The Chicago Mercantile Exchange will launch a new Bitcoin futures product, Bitcoin Friday futures, on September 30th
BlockBeats reports that on August 27, according to an official announcement, the Chicago Mercantile Exchange (CME) will launch Bitcoin Friday futures (BFF) on September 30, 2024, providing a precise and flexible way of trading Bitcoin.
Each BFF contract represents 1/50 of a bitcoin, ensuring capital efficiency and accessibility. These shorter-term contracts expire at 4 p.m. every Friday (Eastern Time in the U.S.) and are settled based on the CME CF Bitcoin Reference Rate New York variant, which may be closer to the spot price of Bitcoin.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
S&P 500 index futures rise 0.2%
Adam Tech: Launchpad trading volume hit a new low last week
Data: Hyperliquid platform whales currently hold $4.576 billions in positions, with a long-short ratio of 0.93
Trending news
MoreCrypto prices
More
