📢 CME Group Launches Bitcoin Friday Futures (BFF) on September 30! 🎉

- BFF is 1/50th of a BTC, much smaller than other futures products like Coinbase 'nano' (1/100th of a BTC).

- The contract will be settled in cash every Friday, based on CME's Bitcoin reference rate.

- "These smaller contracts make it easier for investors to adjust their exposure to BTC on a regulated exchange," said Giovanni Vicioso, CME's head of crypto products.

📈 BTC futures are hot in the US, with nearly 30,000 open contracts on CME as of August 20.

- CME competes with Coinbase Derivatives, which offers futures for BTC, ETH, LTC, and DOGE.

- Futures help investors hedge risks and speculate with leverage.

Tanmay Sheth from Webull said: "BFF helps global investors access BTC efficiently and manage their existing portfolios."

👉 What do you think about BFF? Comment now! 💬