CME Group to Launch Options on Bitcoin Futures in Q1 2020
CME Group, North America’s largest derivatives market, will launch options on its bitcoin futures in the first quarter of next year.
According to the announcement, the addition of new products will provide customers with additional tools to increase trading flexibility and reduce price risk. They will help organizations and professional traders manage the bitcoin spot market and hedge cryptocurrency futures contracts in a regulated environment..
So far, the Chicago Mercantile Exchange is coordinating the issue of launching options with regulatory authorities.
CME started offering Bitcoin futures with December 2017 years, almost simultaneously with the CBOE. Exchange representatives claim that about 7 thousand crypto derivatives are traded daily on average..
From March 2019 CBOE has ceased offering its derivatives, making CME the sole supplier. However, ICE Bakkt subsidiary is due to open on 23 September. and bring deliverable BTC futures to the market.
text: Ivan Malichenko, photo: tildacdn