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CME Group To Offer “Options” On Bitcoin Futures in Early 2020

coingape

8mon ago

CME Group is all set to launch options on Bitcoin Futures in early 2020. The move has been undertaken in response to growing customers’ demands for managing Bitcoin Exposure.

Per a recent update on the official site of the Chicago Mercantile Exchange(CME) Group, it is all set to roll out options on Bitcoin Futures, post regulatory approval in early 2020.

The update mentions that options on Bitcoin Futures will offer Bitcoin traders a good potential to save on margins through margin offsets. Further, the CME CF Bitcoin Reference Rate ( BRR) will be calculated on a daily trading volume of major Bitcoin exchanges and trading platforms.

The options will further help traders mitigate possible risks of counterparty default with a central clearing. Moreover, this will expand choices for traders and help them in managing risk and building strategies, as it will support flexible trading.

While options on Bitcoin Futures will be a piece of good news for traders, the present scenario doesn’t seem very beneficial for crypto holders. Yesterday, Chicago Mercantile Exchange (CME) futures is said to have recorded a 4-month low amid crashing BTC price.

There has been a significant fall in open interest. A devaluation in open interest was seen, as the value dropped from $384 million to the current value of $218. Further, the daily volume marked a reduction from its maximum value of $1.726 billion to its current value at $86 million.

Also, about a week ago, in their bid to maintain trading volume, CME group was reported to have opened the gates for traders. This was to enable them to hold a higher number of open Bitcoin (BTC) contracts as they doubled their Bitcoin(BTC) futures contracts limits.

Will CME Futures come out of their 4- month low with the ongoing developments? Let us know, what you think?

Coming from a physics background the unpredictability and intrigue of the cryptoverse attracted me to take a dive in this field. I am all eyes and ears for the latest trends in blockchain and crypto sphere. Whenever I am not writing or researching, I love to read sci-fi novels, play basketball and watch action movies. I strongly believe that blockchain and cryptocurrency will bring lasting transformations in people’s lives in the years to come. You can reach out to me at supriya [at] coingape.com.

Coming from a physics background the unpredictability and intrigue of the cryptoverse attracted me to take a dive in this field. I am all eyes and ears for the latest trends in blockchain and crypto sphere. Whenever I am not writing or researching, I love to read sci-fi novels, play basketball and watch action movies. I strongly believe that blockchain and cryptocurrency will bring lasting transformations in people’s lives in the years to come. You can reach out to me at supriya [at] coingape.com.

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CME Group is all set to launch options on Bitcoin Futures in early 2020. The move has been undertaken in response to growing customers’ demands for managing Bitcoin Exposure.

Per a recent update on the official site of the Chicago Mercantile Exchange(CME) Group, it is all set to roll out options on Bitcoin Futures, post regulatory approval in early 2020.

The update mentions that options on Bitcoin Futures will offer Bitcoin traders a good potential to save on margins through margin offsets. Further, the CME CF Bitcoin Reference Rate ( BRR) will be calculated on a daily trading volume of major Bitcoin exchanges and trading platforms.

The options will further help traders mitigate possible risks of counterparty default with a central clearing. Moreover, this will expand choices for traders and help them in managing risk and building strategies, as it will support flexible trading.

While options on Bitcoin Futures will be a piece of good news for traders, the present scenario doesn’t seem very beneficial for crypto holders. Yesterday, Chicago Mercantile Exchange (CME) futures is said to have recorded a 4-month low amid crashing BTC price.

There has been a significant fall in open interest. A devaluation in open interest was seen, as the value dropped from $384 million to the current value of $218. Further, the daily volume marked a reduction from its maximum value of $1.726 billion to its current value at $86 million.

Also, about a week ago, in their bid to maintain trading volume, CME group was reported to have opened the gates for traders. This was to enable them to hold a higher number of open Bitcoin (BTC) contracts as they doubled their Bitcoin(BTC) futures contracts limits.

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