Leading derivatives marketplace CME Group has announced that it is extending the expiration dates of its Ethereum ETH 3.21% and Bitcoin BTC 3.48% futures and options contracts to daily.
To improve flexibility and risk management for market participants, CME Group has unveiled plans to introduce daily expiration dates for Ethereum and Bitcoin futures and options contracts. The expansion aims to improve accuracy and versatility in managing short-term price risk associated with these leading cryptocurrencies.
Giovanni Vicioso, Global Head of Cryptocurrency Products at CME Group, expressed his enthusiasm for the new options contract, saying: “We are excited to provide market participants with these enhancements, allowing them to effectively manage Bitcoin and Ethereum price volatility. short term.”
CME Group plans to expand its cryptocurrency options contracts in standard and micro bitcoin and ethereum contracts in the near term ahead of the announcement, pending regulatory review.
New expiration dates for options on Bitcoin and Ethereum futures will include Mondays, Tuesdays, Wednesdays, Thursdays and Fridays. Additionally, the expiration dates for options on micro bitcoin and ethereum futures will be extended to Tuesday and Thursday, in addition to the existing Monday, Wednesday and Friday.
CME Group’s decision to introduce daily expiry reflects the growing demand for increased accessibility and risk management tools in the rapidly evolving cryptocurrency market. By offering a wider range of maturity dates, market participants can better adjust their strategies and hedge against potential price volatility, thereby enhancing overall market stability.
The expansion of CME Group’s ethereum and bitcoin futures and options contracts is expected to provide market participants with additional hedging and trading opportunities, attracting more investors seeking exposure to these digital assets. As the cryptocurrency market continues to mature, CME Group remains at the forefront of innovation.
