April 25, 2024

CME Group will launch Bitcoin options in early 2020

CME Group will launch Bitcoin options in early 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 productswill provide customers with additional tools to increase trading flexibility and reduce price risks. 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 withregulatory authorities.

The CME began offering bitcoin futures in December 2017 , almost at the same time as the CBOE.Representatives of the exchange claim that an average of about 7 thousand are traded daily.crypto derivatives.

Since March 2019, the CBOE has stopped offering its derivatives, making CME the sole provider.However, on September 23, a subsidiary of ICE Bakkt should open and bring deliverable BTC futures to the market.