CME Group to Launch Bitcoin Futures 18th December

CME Group to Launch Bitcoin Futures 18th December

CME Group have announced today that they will be launching their Bitcoin Future contracts on December 18th 2017. This news comes as Bitcoin once again pushes above the $10,000 mark.

“We are pleased to bring Bitcoin futures to market after working closely with the CFTC and market participants to design a regulated offering that will provide investors with transparency, price discovery, and risk transfer capabilities,” said Terry Duffy, CME Group Chairman and Chief Executive Officer.  “Though we have worked through a lengthy, comprehensive process with the CFTC to get to this point, we recognize bitcoin is a new, uncharted market that will continue to evolve, requiring continued collaboration with the Commission and our clients going forward.  At launch, our new Bitcoin futures contract will be subject to a variety of risk management tools, including an initial margin of 35 percent, position and intraday price limits, and a number of other risk and credit controls that CME Group offers on all of its products.” – [source]

Nasdaq have also announced they will be launching Bitcoin contracts in early 2018. If 2017 wasn’t quite manic enough for you all in the Crypto space then it looks like 2018 may just push the Bitcoin frenzy to new unseen limits.



Leave a Reply

Notify of