Topic: [2017-10-31]CME Group to Launch Bitcoin Futures Contract (Read 3017 times)
A lot of people lost their money because of these statement. Tomorrow they can say: we are not ready now, more over CME did not mention any specific date for their btc futures. Trully, cryptomarket is very volatile and tough place. Especially for people why try to trade using altcoins.
Quote
CME Group’s launch of Bitcoin futures makes it “legit,” the mainstream press reports after the virtual currency hit Wall Street Tuesday.
Describing the impact of the world’s largest exchange owner offering futures trading by the end of 2017, Bloomberg said the “floodgates have been opened.”
“Bitcoin is going legit, for better or worse,” it writes today.
The move is an unexpected one, coming soon after CME said it had no plans to launch Bitcoin integration last month.
Client hunger to get in on the craze, the corporation said, was a key factor in reconsidering its approach.
Describing the impact of the world’s largest exchange owner offering futures trading by the end of 2017, Bloomberg said the “floodgates have been opened.”
“Bitcoin is going legit, for better or worse,” it writes today.
The move is an unexpected one, coming soon after CME said it had no plans to launch Bitcoin integration last month.
Client hunger to get in on the craze, the corporation said, was a key factor in reconsidering its approach.
https://cointelegraph.com/news/bitcoin-all-time-highs-keep-coming-as-bloomberg-says-it-is-now-legit
CME Group to Launch Bitcoin Futures Contract
Derivatives marketplace operator CME Group has announced plans to launch a bitcoin futures product in the fourth quarter of this year.
Though the exact release date has yet to be revealed, CME said that the futures would be settled via cash and based on its CME CF Bitcoin Reference Rate, an index it debuted in Nov. 2016 in partnership with London-based Crypto Facilities. The futures would be listed on CME, the company said.
Terry Duffy, CME Group chairman and CEO, said in a statement:
"Given increasing client interest in the evolving cryptocurrency markets, we have decided to introduce a bitcoin futures contract. As the world's largest regulated FX marketplace, CME Group is the natural home for this new vehicle that will provide investors with transparency, price discovery and risk transfer capabilities."
https://www.coindesk.com/cme-group-plans-launch-bitcoin-futures-contract/
Derivatives marketplace operator CME Group has announced plans to launch a bitcoin futures product in the fourth quarter of this year.
Though the exact release date has yet to be revealed, CME said that the futures would be settled via cash and based on its CME CF Bitcoin Reference Rate, an index it debuted in Nov. 2016 in partnership with London-based Crypto Facilities. The futures would be listed on CME, the company said.
Terry Duffy, CME Group chairman and CEO, said in a statement:
"Given increasing client interest in the evolving cryptocurrency markets, we have decided to introduce a bitcoin futures contract. As the world's largest regulated FX marketplace, CME Group is the natural home for this new vehicle that will provide investors with transparency, price discovery and risk transfer capabilities."
https://www.coindesk.com/cme-group-plans-launch-bitcoin-futures-contract/
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