- CME announced Tuesday it plans to launch bitcoin futures in the fourth quarter of the year, pending regulatory review.
- The new bitcoin futures contract will be cash-settled and based on the CME CF Bitcoin Reference Rate (BRR).
- “Given increasing client interest in the evolving cryptocurrency markets, we have decided to introduce a bitcoin futures contract,” Terry Duffy, CME Group Chairman and Chief Executive Officer, said in a statement.
- The leading global exchange for options and futures trading is the latest entrant into the business of offering derivatives for bitcoin, the volatile digital currency which is not listed on a major exchange.
- In August, the Chicago Board Options Exchange, the largest U.S. options exchange, said its CBOE Futures Exchange (CFE) plans to offer cash-settled bitcoin futures in the fourth quarter of this year or sometime in early 2018, pending review from the U.S. Commodity Futures Trading Commission.
CME announced Tuesday it plans to launch bitcoin futures in the fourth quarter of the year, pending regulatory review.
Continue reading “Bitcoin surges to record after CME announces launch of futures for digital currency”