Crypto News

Chicago Mercantile exchange will launch options on bitcoin

Team of the Chicago Mercantile exchange CME Group is developing a new derivatives on bitcoin. Information about this appeared in The Block. According to people familiar with the matter sources, the following derivatives for bitcoin options can become.

First information about the preparation of a new derivative appeared as a result of communicating the options to a number of companies. Presumably, the calculation for the new tool, as well as in the case of futures, will be implemented in Fiat. Some of the interlocutors of The Block noted that the launch of options is virtually inevitable because of the high degree of readiness of the necessary technical solutions.

“The market has a demand for bitcoin options. Yes, there are analogues of this proposal, in the form of other derivatives, however, the situation of CME, due to the availability of tools, will allow the exchange team to defeat the rivals,” – said the source.

Recall the story of the launch of derivatives on bitcoin has begun in 2017. After the launch of futures in December, the rate of BTC has reached a peak. Subsequently, however, the bitcoin price began to decline rapidly. As a result, cryptologist gave up hope on the beneficial effects of the new tool on the market.

At the moment, the launch of derivatives in the more Mature market, backed by the attention of regulators, can change the performance of the crypto community and institutional investors on the new financial instrument.

We will remind, 23 Sep platform Bakkt will introduce futures on bitcoin. The Deposit users will
open tomorrow.

Source:cryptofound.com

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