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Bitcoin options are slated to launch on one of the leading U.S. derivatives exchanges, CME Group, in the new year.

Chicago-based CME announced that it will enable trading in options on its Bitcoin futures contracts starting Jan. 13, 2020.

The exchange’s Bitcoin futures, which were launched in 2017, have generated average daily trading volume of over 6,500 contracts this year. CME reported that almost half (47%) of its trading volume is from foreign investors.

“Since the launch of our Bitcoin futures nearly two years ago, clients have expressed a growing interest in options as another way to hedge and trade in these markets,” said Tim McCourt, global head of equity index and alternative investment products at CME.

“We have worked closely with clients and the industry to establish a robust and increasingly liquid underlying futures market here at CME Group, and we believe Bitcoin options will now offer our customers greater precision and flexibility to manage their risk,” he added.