CME Group Launches Bitcoin Friday Futures (BFF), Now Available for Trading

On Tuesday, the CME Group, one of the world's largest derivatives marketplaces, announced the successful launch of its Bitcoin Friday Futures (BFF), now available for trading.

CME Group has announced the successful launch of its Bitcoin Friday Futures (BFF), which are now available for trading on the derivatives marketplace.

The launch marks a significant step in expanding crypto adoption under a regulated framework, according to Harry Benchimol, Co-Head of Derivatives Engine at Marex.

The smaller contract size and weekly Friday expiry provide investors with a more accessible way to engage with the Bitcoin market while effectively managing their exposure in a regulated environment.

These weekly contracts closely track the BTC’s spot price, which provides efficient hedging opportunities and a cost-effective way for investors to gain exposure to the largest cryptocurrency on the market, Benchimol added.

The Bitcoin Friday futures are structured at one-fifth of one Bitcoin and are cash-settled based on the CME CF Bitcoin Reference Rate New York Variant (BRRNY) at 4:00 PM New York time every Friday.

A new BFF contract is also expected to be listed every Thursday at 6:00 PM New York time, allowing market participants to trade the nearest two Fridays at any given time.

At the time of writing, BTC is trading at $62,100, down 2.3% over the past 24 hours.

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