CME Group Announced To Launch Bitcoin Options In 2020
The world’s top derivatives marketplace, CME Group just announced to launch the Bitcoin Future Contracts will be started in the first quarter of 2020 and waiting for the SEC regulatory approval, reported on 20 September 2019.
Back in 2017, The CME Group was first time launched its services for bitcoin users by providing Bitcoin hedge and trading and they got enough success and adoption of their services by the bitcoin users. As the CME provided the 20 future expiration contracts that had been traded so far by 3,300 user accounts with 7000 CME bitcoin futures contracts traded each day on average.
Now the CME group going to launch its new service for its users as Bitcoin options that also have some more useful tools for users that will help in precision hedging and trading.
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,
– Tim McCourt, CME Group Global Head of Equity Index and Alternative Investment Products
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
In order to get more information and educational resources regarded to options on futures, you can visit CME Institute. Bitcoin options will be listed on and subject to the rules of CME. For more information, please visit http://www.cmegroup.com/bitcoinoptions.
