CME Group, the world's leading derivatives marketplace, announced its new Bitcoin Volatility Index futures are now available for trading. First trades were executed as blocks between DV Chain and Monarq Asset Management.
"The early support we've seen for our new Bitcoin Volatility futures further demonstrates the growing client demand for more innovative tools to more efficiently protect against adverse market moves," said Giovanni Vicioso, Global Head of Cryptocurrency Products at CME Group. "Our new 24/7 trading framework expands the utility of these contracts, allowing investors to isolate and precisely manage their portfolio's volatility risk and exposure at any hour of the day, any day of the week – unlocking a critical new layer of risk management."
"We are highly encouraged to see the market expanding with more regulated, institutional-grade futures contracts designed for expressing volatility on bitcoin," said Shiliang Tang, CEO of Monarq Asset Management. "As bitcoin continues to mature into a more mainstream institutional asset class, the demand for sophisticated risk management instruments grows alongside it. Robust tools like CME Group Bitcoin Volatility futures are exactly what investors need to accurately express their market viewpoints and efficiently hedge their portfolios within a secure, transparent framework."
"We are proud to support the launch of CME Group's Bitcoin Volatility futures," said Dave Vizsoly, CEO and Head Trader at DV Chain. "As institutions increasingly seek advanced strategies to navigate today's markets, the ability to trade pure volatility independent of price direction on a regulated platform is a critical evolution for both our clients and the broader marketplace."
CME Group's Cryptocurrency product suite continues to experience significant growth, including the successful launch of 24/7 trading on May 29. Additional year-to-date trading highlights include:
- Average daily volume (ADV) of 266,900 contracts, up 38% year-over-year.
- Average daily open interest of 274,500 contracts, up 18% year-over-year.
For more information on Bitcoin Volatility futures, please visit www.cmegroup.com/BVI.
