Some of the leading companies in the financial industry, including Societe Generale and the London Stock Exchange, have partnered to study the potential use cases of the blockchain technology.
Renaissance, which had nearly $166 billion in regulatory assets under management at the end of 2019, has “permitted” the Medallion fund to enter the Chicago Mercantile Exchange’s (CME) cash-settled Bitcoin futures market.
The CME Group board of directors nominee has suggested that venturing into Bitcoin mining will help to create additional revenue streams for the shareholders.
The NYSE is closing its physical trading floor for the first time in its history independently from the electronic trading which is going on. This closure is intended to remain temporary until things change.
The Chicago trading floor is set to close on Friday, the 13th of March 2020, due to COVID-19 risks. The decision has been revealed by the CME Group.
Bitcoin options market is rising, per the crypto analytics firm Skew, with a massive money inflow from institutional investors. Yesterday, the volume of crypto derivatives trading was only increasing, reaching the level of almost $200 million.
The market bounce at the beginning of the week was partly driven by expectations that the Federal Reserve would step in to mitigate the coronavirus impact by cutting the key interest rates.
According to the statistical data from the CME Bitcoin futures market, BTC may continue rising despite the current pullback.
Bitcoin options platform Bakkt is showing almost zero interest in its product. Some of the industry players expect the project’s annihilation. At the same time, CME’s options product still enjoys high interest.
The CME Group has joined Bakkt and FTX and launched Bitcoin futures options. The Group announced it on its website as trading went live.
Experts note high anticipation among market participants for the launch of CME Group Bitcoin options trading.