CME Tells Cointelegraph They Consider $2.3M BTC Options Debut a Success
The CME Group derivatives exchange plans to launch options on its bitcoin futures on January 13, 2020.
Earlier, the Chicago platform has already said that the basis for each contract will be a 5 BTC futures, which will be quoted at the current bitcoin rate in dollars with a tick size of $ 25.
According to the management of the exchange, since the launch of cryptocurrency futures, there has been an increase in customer interest in options as an additional instrument of hedging and speculation. Therefore, after two years, CME decided to increase the market liquidity and flexibility of risk management..
The exchange reports that in the current year, traders on average concluded more than 6.5 thousand new contracts of 5 BTC each day..
Recall that Bitcoin.com plans to discuss with CME Group the launch of Bitcoin Cash futures.
text: Ivan Malichenko, photo: CNBC