Eurex Expands Crypto Derivatives Offerings with Addition of Options on FTSE Bitcoin Index Futures

Eurex, Europe's leading derivatives exchange, today announced the expansion of its crypto derivatives suite with the launch of Options on FTSE Bitcoin Index Futures. This move comes after Eurex became the pioneering exchange in Europe to offer Bitcoin index futures in April 2023.

The new offerings were based on a robust underlying index from Eurex's established index partner FTSE Russell, which is supported by Eurex Clearing, an AA-rated clearing house in Europe.

New contracts are listed as Options on Futures in EUR and USD, with the respective Bitcoin index future as underlying, equivalent to 1 Bitcoin. Both Options and Futures expire at the same time (17:00 CET) on the last Friday of the month. Alongside monthly and quarterly maturities, weekly expiring contracts will also be available to trade. 

FTSE Bitcoin Index (USD & EUR) is the reference rate for the final settlement for the underlying futures contracts. It is determined as the volume time weighted average of the FTSE DAR Digital Asset Price over the 15-minute period before the fixing time. Liquidity will be supported by orderbook and over-the-counter liquidity providers.

Randolf Roth, Member of the Executive Board of Eurex Frankfurt AG: "Investors need robust trading and clearing safeguards when engaging in the crypto market. Eurex is a renowned regulated exchange, with a trusted platform and appropriate safeguards offering multi-asset class trading. With our extended crypto derivatives suite, we offer a trusted path to crypto." 

Shawn Creighton, Director of Index Derivatives Solutions at FTSE Russell, an LSEG business: "The right derivatives strategy starts with the right index, and our digital asset indices apply the same rigorous policy and governance framework used across our equity and fixed income products. FTSE Russell is excited to support this expansion of the digital assets' ecosystem and it reinforces the importance of the vetting methodology we have created in collaboration with Digital Asset Research (DAR), that has set a standard for digital asset and exchange index inclusion."