đ CME Groupâs Bitcoin Friday Futures (BFF) launched with a bang, setting a record first-day trading volume of 31,498 contracts! đ
- Debuted on Sept. 29, this "most successful crypto futures launch ever" saw financial giants Galaxy and Marex execute the first trade block.
- BFF contracts, sized at one-50th of a Bitcoin, are cash-settled every Friday against the CME CF Bitcoin Reference Rate New York Variant (BRRNY).
- Listed every Thursday, these contracts let traders hedge or speculate on BTC price movements weekly.
Got thoughts on this bite-sized Bitcoin bonanza? Drop your comments below! đŹ