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Chicago Mercantile Exchange Group (CME), the world’s leading derivatives marketplace, says it will introduce options on Bitcoin Friday futures on February 24. The move follows CME’s decision to launch XRP and SOL Futures in February as well, all pending regulatory approval. JUST IN: CME Group to launch options trading on Bitcoin Friday Futures. — Watcher.Guru (@WatcherGuru) January 29, 2025 “We are pleased to offer these new options that provide traders with even greater precision to manage short-term bitcoin price risk,” said Giovanni Vicioso, CME Group Global Head of Cryptocurrency Products. “Building on the success of our Bitcoin Friday futures, the smaller size of these contracts, along with daily expiries, offer market participants a capital-efficient toolset to effectively adjust their Bitcoin exposure.” These new contracts will be the first CME Group cryptocurrency options to be financially settled, according to a CME press release. The contra...

Bitcoin's price risks more downside as $28,000 is now a key level to hold in order to avoid a return to the mid-$20,000s. Bitcoin (BTC) hit new intraday lows on April 21 as traders warned that $25,000 might come next. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Trader: $25,000 BTC price would be "absolutely fine" Data from Cointelegraph Markets Pro and TradingView showed BTC/USD struggling to preserve $28,000 as support on Bitstamp. The pair looked “weak,” in the words of one analyst, as overnight events failed to resurrect any sign of its previous uptrend. # Bitcoin is currently showing weakness. Broke back in the range, lost one of the crucial levels. Final crucial level is at $27,600. Could take liquidity beneath, but needs a fast recovery. If not, and no break of $28,800, then I suspect we'll see $26,200. pic.twitter.com/TuCaFq8eIk — Michaël van de Poppe (@CryptoMichNL) April 21, 2023 Amid local lows of $27,828, prognoses for Bitcoin now focused...

Derivatives played a major role in the last bull market and it’s highly likely that they will be integral in the market’s evolution in 2023. Futures and options let traders put down only a tiny portion of a trade’s value and bet that prices will go up or down to a certain point within a certain period. It can make traders' profits bigger because they can borrow more money to add to their positions, but it can also boost their losses much if the market moves against them. Even though the market for crypto derivatives is growing, the instruments and infrastructure that support it are not as developed as those in traditional financial markets. Next year will be the year that crypto derivatives reach a new level of growth and market maturity because the infrastructure has been built and improved this ye, and an increasing number of institutions are getting involved. Crypto derivatives' growth in 2023 In 2023, the volume of crypto derivatives will continue to grow because of two f...