Chicago Mercantile Exchange Group announced that it will introduce opportunities on Bitcoin Friday Futures (BFF), which starts on February 24, pending regulatory approval.

According to the press release, BFF CME Group’s most successful cryptocurrency launch was. More than 775,000 contracts traded since the launch on September 29. The average daily volume was 9,700 contracts and 44% of the contracts were traded during non-American hours. A contract is worth one-50th of a BTC with BFF that collects $ 1.63 billion in volume since the launch.

These financially settled contracts expire every day in business week, Monday to Friday, giving dealers more risk management tools.

According to Giovanni Vicioso, CME Group Global leader of cryptocurrency products, these contracts will see smaller contract sizes and daily expiry and offer investors a more effective tool set to adjust Bitcoin exposure.

“We are pleased to offer these new opportunities that give dealers even greater precision to manage short-term Bitcoin price risk, which is based on success with our Bitcoin Friday Futures, the smaller size of these contracts along with daily expiry a capital-efficient tool set To effectively adjust their Bitcoin exposure.