Chicago Mercantile Exchange (CME) Group, a United States futures exchange, is launching bite-sized Bitcoin Friday futures (BFF) amid mounting interest in cryptocurrency futures among retail investors, according to an Aug. 27 announcement by CME.
Launching Sept. 30, BFFs will be sized at only one-50th of a Bitcoin
BTCUSD
. That is substantially smaller than rival retail-oriented Bitcoin futures products, such as Coinbase’s “nano” Bitcoin futures, sold in increments of one-100th of 1 BTC.
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