PANews reported on August 27 that CME Group plans to launch Bitcoin Friday Futures (BFF) on September 30, 2024. The futures contract represents 1/50 of a Bitcoin, making trading more capital efficient. BFF expires every Friday at 4 pm New York time and is settled based on the CME CF Bitcoin Reference Rate. These short-term contracts are designed to more closely track the spot price of Bitcoin and help mitigate weekend risks. Traders can use BFF to express long and short views in CFTC-regulated markets and enjoy lower capital requirements and potential margin offsets. The product is still subject to regulatory review.
