News CME Group Will Launch Bitcoin Options on January 13th

CME Group Will Launch Bitcoin Options on January 13th

-

- Advertisment -

CME Group Will Launch Bitcoin Options on January 13th

CME Group will launch Bitcoin options on futures contracts starting Jan. 13, 2020, pending regulatory review. The move to allow Bitcoin options has been widely anticipated.

Tim McCourt, CME Group Global Head of Equity Index and Alternative Investment Products, said that since Bitcoin futures launch nearly 2 years ago, clients have expressed interest in another way to hedge and trade:

“We have worked closely with clients and the industry to establish a robust and increasingly liquid underlying futures market here at CME Group, and we believe Bitcoin options will now offer our customers greater precision and flexibility to manage their risk,” stated McCourt.

CME Group reports that market users have rapidly adopted Bitcoin futures since their December 2017 launch. CME Group shares the following stats:

  • An average daily volume of 6,500+ contracts in 2019, equivalent to about 32,500 bitcoin
  • 22 successful futures expiration settlements since launch
  • 3,500+ individual accounts trading
  • 47 percent of trading volume is from outside the U.S.
  • CME Group is the only derivatives marketplace where customers can hedge or trade benchmark options on futures across every investable asset class, with average daily options volume of 4.3 million contracts in 2019 to date.

Source

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest news

What’s the future of decentralized blockchains?

When Bitcoin was new and not valued at anything or just a few cents anyone could join...

My 5 favorite free crypto tools & sites I use daily

So I often get asked by friends, or people visiting my site about new tips for exciting...

Cryptocurrency is The Last Kingdom Where You Can Keep Your Data Private

Data privacy has been a hot topic for quite some time now and particularly after the popularity...

How To Travel With Bitcoin: 9 Travel Companies Accepting Bitcoin

Bitcoin travel is a reality, as several travel companies now accept payments in cryptocurrencies for their services.
- Advertisement -CME Group Will Launch Bitcoin Options on January 13th

Top 5 Ways To Build a Profitable Business in The Crypto Sector

The crypto industry has grown significantly despite criticism and a skeptical approach from regulators across the globe....

These 8 Cryptocurrencies Will Survive the Next Decade

Cryptocurrency is the future, we all have reasons to believe it. But are people ready...

Must read

- Advertisement -

You might also likeRELATED
Recommended to you