đ CME Group's Bitcoin Friday Futures (BFF) launched with a bang, smashing records on its first day! Over 31,498 contracts traded, making it the most successful crypto futures debut ever. đ
- Launched Sept. 29, BFF contracts are sized at one-50th of a Bitcoin and cash-settled every Friday.
- First trade block executed by Galaxy and Marex.
- Weekly expiry allows for short-term hedging or speculation without long-term commitment.
- Responding to growing demand, CME's bite-sized Bitcoin product offers a more accessible way to manage Bitcoin exposure.
Looks like Bitcoin just got a whole lot friendlier!