Topic: Derivatives Giant CME Group to Launch Bitcoin Futures Contract (Read 251 times)
Quiet interesting. It looks like futures can be extremely usefull for someone who want to make a long term bitcoin investment but still afraid of any dumps (so you will risk only with the contract price) or still want to get a better price for future purchases.
That's a great news for the crypto community. Unlike other fake news, this one looks real. I have just visited their website and found the article below,
http://www.cmegroup.com/education/featured-reports/evolving-economics-of-bitcoin-gold-currencies.html
Even though it doesn't say that CME group will start bitcoin future contract soon, but having bitcoin related article in the homepage of Nasdaq traded company is a huge boost for us. The company is currently managing around 70 billion USD of asset under management, so when such type of corporates speaks positive about bitcoin, it leaves a great positive impact on us. Great and cheering news indeed!
http://www.cmegroup.com/education/featured-reports/evolving-economics-of-bitcoin-gold-currencies.html
Even though it doesn't say that CME group will start bitcoin future contract soon, but having bitcoin related article in the homepage of Nasdaq traded company is a huge boost for us. The company is currently managing around 70 billion USD of asset under management, so when such type of corporates speaks positive about bitcoin, it leaves a great positive impact on us. Great and cheering news indeed!
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."
Read more at: https://www.coindesk.com/cme-group-plans-launch-bitcoin-futures-contract/
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