Wednesday, April 24, 2024
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CME Group to expand Bitcoin and Ether option expiries after record daily volume

On Apr. 17, derivatives marketplace Chicago Mercantile Exchange (CME) Group, announced it will broaden its range of cryptocurrency options by adding new options to its standard and micro-sized Bitcoin (BTC) and Ether (ETH) contracts. Pending regulatory review, these new contracts will be available from May 22, and expiries will be available

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Data shows the ‘Bitcoin price drops ahead of CME expiries’ claim is a myth

Historically, activity surrounding the Bitcoin (BTC) monthly futures and options expiry has been blamed for weakening bullish momentum. A few studies from 2019 found a 2.3% average drop in BTC price 40 hours before the CME futures settlement date. However, as Cryptox reported in June 2020, the effect faded away. While

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