CME Previews the Contract Specs for New Bitcoin Options
Join Our Telegram channel to stay up to date on breaking news coverage CME already announced that it’s planning to launch options for their Bitcoin futures contracts. Today they p review ed some preliminary contract specifications to the upcoming options. The options on Bitcoin futures is expected to begin in 2020’s first quarter. CME will use its own CME Bitcoin Reference Rate to price the new derivatives. The index was developed to reference the pricing data of a number of crypto exchanges. Big names like Coinbase, Bitstamp, Kraken, Gemini, and itBit are all included to give an accurate price reference. The futures contract CME is offering will make use of the BTC ticker and one contract will be equal to five bitcoins The Chicago-based venue launched Bitcoin futures after several regulatory safeguards were added back in December 2017. It marked a significant step on the long road of global cryptocurrency acceptance and regulation. The Contract Details The p review ed contra...