According to BlockBeats, on October 2, Cointelegraph reported that the Chicago Mercantile Exchange (CME) launched Bitcoin Friday Futures (BFF) on September 29, setting a record of 31,498 contracts on the first day of trading. Each contract of this product is equivalent to one-fiftieth of a Bitcoin, and is settled in cash every Friday based on the CME Bitcoin reference price. BFF contracts are listed every Thursday, allowing market participants to hedge or speculate on Bitcoin price fluctuations in the short term. CME's move responds to the demand for Bitcoin derivatives, providing a more convenient way to trade and helping investors effectively manage Bitcoin risks.

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