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.