CME Group Set to Launch Bitcoin Futures Options on January 13
CME Group is to launch options on BTC futures in response to the growing interest in cryptos and customer demand for tools to manage Bitcoin exposure.
CME Group is to launch options on BTC futures in response to the growing interest in cryptos and customer demand for tools to manage Bitcoin exposure.
If things go according to plan, Bitcoin.com would soon launch the first Bitcoin Cash derivative in the form of futures contracts. The company is looking to launch this with a CFTC-approved exchange.
CBOE, the predominant US derivatives exchange that provides Bitcoin futures contracts, passed through the highest trading volume for bitcoin futures. On Wednesday, the volume was nearly three times the average daily volume.
CME Group Inc has just announced that it will launch its Bitcoin Futures contract on December 18 to provide a regulated trading platform for the cryptocurrency futures market.
CME and CBOE Group has recently revealed the specifications of their Bitcoin future contracts which has further fuelled the prices of the cryptocurrency.
The platform is launching futures trading in bitcoin, allowing investors placing large bets on the volatile digital currency starting mid-December.
Chairman of CME Group, Leo Melamed believes that Bitcoin is all poised to become a new asset class of the future similar to stocks and gold.
After CME Group decided to launch trading for Bitcoin futures contracts, the Mercado de Termino de Rosario, Argentina’s biggest futures market, considers offering services for investors in digital currencies.
Bitcoin price hits new record value above $6400 after CME Group announced to launch Bitcoin Futures contracts by year-end.