The Chicago-based derivatives exchange said the contracts will settle to the CME CF Bitcoin Volatility Index, offering regulated access to forward-looking volatility rather than price movements.

CME Group is all set to broaden its digital asset derivatives offering with the introduction of Bitcoin Volatility futures contracts, with  trading expected to begin on 1 June. The contracts will be cash-settled against the CME CF Bitcoin Volatility Index The contracts are designed to allow market participants to manage volatility exposure without taking a direct view on Bitcoin’s price movements. The exchange said the contracts will be cash-settled against the CME CF Bitcoin Vol