CoinSpot lists Australia’s first gold and silver-backed cryptocurrency

18m
cryptonewmedia

FATF’s regulations will push criminal activity to privacy coins: CipherTrace CEO

18m
bitcoinwarrior

New Members Added to Ripple’s Regulatory Team, Will Experience Improve the Blockchain Association?

19m
cryptodaily

Flash Crash Sends Bitcoin Price Below Key Moving Average

20m
newsbtc

Crypto Bloodbath: Bitcoin [BTC] Slips to $7.5K; $200 MM Longs Liquidated on BitMEX

26m
coingape

Bitcoin Has Been Hijacked by Communists, Claims BSV Supporter

28m
beincrypto

Bitcoin Price Movement Looks Like ‘Absolute Garbage,’ Claims Analyst

31m
beincrypto

Time to Buy Bitcoin, Stop Yelling about Gold, Says New Grayscale Commercial

37m
utoday

Voyager Digital to pay Users Interest on Bitcoin (BTC) Holdings

40m
cryptonewmedia

Dow Wobbles as Trade War Sinks Its Fangs Into Corporate Earnings

1h
cryptonewmedia

Russia’s Villainy Prevents Call of Duty Launch on PlayStation Store

1h
cryptonewmedia

CZ Claims Vladimir Putin To Be the Most Important Person in Blockchain

1h
cryptodaily

Updating Live: Zuckerberg Hearings Before Congress on Libra

1h
cointelegraph

Bitcoin Drops 2.92%, Now Back to Testing $8,000 Price Level

1h
coininsider

ICO Returns: Class of 2017 Still the Champion

1h
cryptonewmedia

Bitcoin Suisse invests $3 million in CoinRoutes crypto-trading platform

1h
bitcoinwarrior

Bitcoin (BTC): Short Term Bullish Trend Reversal Is Only A Matter Of Time

1h
cryptodaily

Bitcoin Falls Like Clockwork on Futures Expiry Friday

1h
cryptonewmedia

$7.5K: Bitcoin’s Price Tanks to Four-Month Low

1h
coindesk

Hashing Systems set to open name service for Hedera (HBAR) network

1h
cryptonewmedia

Binance Lending Platform Introduces 'Flexible Deposits' for BNB, BTC, and BUSD

1h
cryptoglobe

Bitcoin Halving Price Similarities Outlined by Analyst

2h
beincrypto

Bitcoin Crashes to $7,400 as Crypto Markets Falter

2h
newsbtc

Ripple Adds New Energy To Its Regulatory Team, Joins The Blockchain...

2h
zycrypto

Large Institutional Bitcoin Investors Are On The Rise In Q4 2019 – Report

2h
zycrypto


CME Group Is Launching Bitcoin Options Early in 2020

coindesk

1mon ago

Derivatives marketplace CME Group has announced that it will offer options on its bitcoin futures contracts starting in the first quarter of next year.

The Chicago-based company first launched its futures product back in December 2017, at the same time as its Windy City rival, the Chicago Board Options Exchange (CBOE).

In its announcement on Friday, CME said the launch of bitcoin options is aimed to provide clients with “additional tools for precision hedging and trading.” The launch is pending regulatory review.

Tim McCourt, CME Group global head of equity index and alternative investment products, said:

“Based on increasing client demand and robust growth in our Bitcoin futures markets, we believe the launch of options will provide our clients with additional flexibility to trade and hedge their bitcoin price risk. These new products are designed to help institutions and professional traders to manage spot market bitcoin exposure, as well as hedge Bitcoin futures positions in a regulated exchange environment.”

The firm detailed that, since the 2017 launch, it has seen 20 “successful” futures expiration settlements, with over 3,300 individual accounts trading the contracts. Close to 7,000 CME bitcoin futures contracts are traded on average each day, the firm added.

In March 2018, just months after it had started offering futures for bitcoin, CBOE abruptly changed tack and halted the product. That left CME as the sole provider of bitcoin futures in the U.S.

CME will have a new rival from on Monday, however, when the Intercontinental Exchange and its subsidiary Bakkt begin offering a new futures product. Unlike CME’s cash contracts, though, ICE will be offering a physically settled product, meaning customers will receive actual bitcoin instead of the cash equivalent.

Regarding any copyrights issue, please contact us:content@hashbee.com.

0 comments