Golden Finance reported that derivatives market CME Group announced today that it will further expand its cryptocurrency derivatives products and launch Bitcoin Friday Futures (BFF) on September 30, but it is still subject to regulatory review. These new weekly futures contracts are one-fiftieth of a Bitcoin and will be cash-settled at 4:00 pm New York time every Friday at the CME CF Bitcoin Reference Rate New York Variable (BRRNY). The new BFF contract will be listed at 6:00 pm New York time every Thursday, with trading dates on Fridays, and market participants can trade the two most recent Fridays at any given point in time. Friday expiration enables these contracts to closely track the spot price of Bitcoin and help investors mitigate price fluctuations over the weekend.