Massive Bitcoin Expansion: CME Debuts ‘Friday Futures,’ Nasdaq Pursues BTC Index Options

Quick Summary:

In a move to broaden access to Bitcoin (BTC) futures for retail investors, CME Group has unveiled a new, smaller-sized futures contract dubbed the “Bitcoin Friday Futures” (BFF).

According to Bloomberg, the cash-settled BFF will be priced at one-50th the size of a full BTC, currently around $1,200 per contract.

This is significantly more affordable than CME’s existing Bitcoin futures, priced at the full Bitcoin value.

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Article Details

Author / Journalist: Ronaldo Marquez

Category: Crypto

Markets: Hungary

Topics: Nasdaq Bitcoin Btc price Btc CME Group DeFi Bitcoin ETF BTCUSDT Bitcoin price Crypto news Bitcoin news Btcusd Bitcoin News Cryptocurrency CME Bitcoin Futures Cryptocurrencies Crypto

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-28 @ 10:30:41 (4 days ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 474 words

Reading Time: 3 minutes read

Sentences: 29 lines

Sentence Length: 17 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bitcoinist

News ID: 22290524

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About Bitcoinist

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Official Website: bitcoinist.com

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News Last Updated: 13 hours ago

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