Oddbean new post about login | logout CME’s Bitcoin Friday Futures launch with 31K contracts on day one. The Chicago Mercantile Exchange (CME) Group’s Bitcoin Friday Futures (BFF) debuted with a record first-day trading volume among crypto futures offerings, with over 31,498 contracts traded across two contract weeks. https://image.nostr.build/2b328c43ef9be288965a0989c813702b17a8d3db5193d84726e0a3ad547c4af3.jpg *BFF Daily Volume. Source: CME Group*
The Bitcoin Friday Futures are designed to allow market participants to hedge or speculate on short-term price movements of Bitcoin. The introduction of a Friday expiry for these contracts enables them to closely track the spot price of Bitcoin, providing traders with more timely opportunities to manage their positions
