Topic: [2017-12-03]CME Rival Cboe Suggests its Coming Futures Market Would Include Btc (Read 1627 times)
December 02, 2017, 08:26:48 PM
Wow. Financial institutions are really reading that btc is really a good thing to offer now. Now that CME has already announced that they will indeed offer bitcoin future contract by 18 Dec, its about that its rival should also test it as well. They don't want CME to just have the pie, they want to have a part or slice of it. And being first is really good decision by CME because they have somewhat started this trend and more will follow specially if this becomes a hit from the investors. Bitcoin could hit $20K soon. There's also NASDAQ in Q2 in 2018. There is no stopping bitcoin now.
December 02, 2017, 07:38:20 PM
Bitcoin Cash (BCH) only months old is being floated as a possible addition to a futures offering family by Cboe Global Markets (Cboe). Cboe is looking to differentiate itself from a growing chorus of rivals as it prepares to launch futures contracts by year’s end.
Bitcoin Cash Could be Family
December 2017 began with a giant announcement. Release pr7654-17 from the Commodity Futures Trading Commission (CFTC), titled CFTC Statement on Self-Certification of Bitcoin Products by CME, CFE and Cantor Exchange, began, “Today, the Chicago Mercantile Exchange Inc. (CME) and the CBOE Futures Exchange (CFE) self-certified new contracts for bitcoin futures products.”
In financial-speak that means legacy institutions are cleared to enter the cryptocurrency ecosystem.
Classic bureaucrat understatement reminded the public of the regulator’s burden: “Bitcoin, a virtual currency, is a commodity unlike any the Commission has dealt with in the past,” the Chairman said. “As a result, we have had extensive discussions with the exchanges regarding the proposed contracts.”
It was presumably a welcome boon to Cboe, which seemed to be lost in media excitement over CME’s firm dating of a futures rollout along with Nasdaq’s mid-2018 bid.
Frank Chaparro reports Cboe looks like it might be willing to up the competition by appealing to more than just one cryptocurrency. Paraphrasing Cboe President Chris Concannon, “the exchange thinks a family of cryptocurrency products, including futures for ether and bitcoin cash, could come to fruition as the market continues to mature.”
SOURCE: https://news.bitcoin.com/cme-rival-cboe-suggests-its-coming-futures-market-would-include-bitcoin-cash/
Bitcoin Cash Could be Family
December 2017 began with a giant announcement. Release pr7654-17 from the Commodity Futures Trading Commission (CFTC), titled CFTC Statement on Self-Certification of Bitcoin Products by CME, CFE and Cantor Exchange, began, “Today, the Chicago Mercantile Exchange Inc. (CME) and the CBOE Futures Exchange (CFE) self-certified new contracts for bitcoin futures products.”
In financial-speak that means legacy institutions are cleared to enter the cryptocurrency ecosystem.
Classic bureaucrat understatement reminded the public of the regulator’s burden: “Bitcoin, a virtual currency, is a commodity unlike any the Commission has dealt with in the past,” the Chairman said. “As a result, we have had extensive discussions with the exchanges regarding the proposed contracts.”
It was presumably a welcome boon to Cboe, which seemed to be lost in media excitement over CME’s firm dating of a futures rollout along with Nasdaq’s mid-2018 bid.
Frank Chaparro reports Cboe looks like it might be willing to up the competition by appealing to more than just one cryptocurrency. Paraphrasing Cboe President Chris Concannon, “the exchange thinks a family of cryptocurrency products, including futures for ether and bitcoin cash, could come to fruition as the market continues to mature.”
SOURCE: https://news.bitcoin.com/cme-rival-cboe-suggests-its-coming-futures-market-would-include-bitcoin-cash/
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