Chicago Mercantile Exchange (CME) Planning to Launch Bitcoin Options Trading

2019-9-5 15:52

Coinspeaker
Chicago Mercantile Exchange (CME) Planning to Launch Bitcoin Options Trading

Back in December 2017 when Bitcoin was trading at its all-time high of $20,000, the Chicago Mercantile Exchange (CME) was the first to launch Bitcoin Futures contracts in the market. As per the latest news, CME plans to bring yet another Bitcoin derivatives product in the market.

On Wednesday, September 4, The Block publication reported that the Chicago-based exchange plans to bring Bitcoin Options trading facility to its platform. One of the internal sources familiar with the matter said:

“I believe the launch is inevitable at this point.”

However, this time, CME won’t be the first exchange to provide the Bitcoin options contracts in the market. Amsterdam-based Deribit platform provides Bitcoin options trading facility. However, with giants like CME entering the game, it will open up the services to a massive number of institutional investors.

On the other hand, cryptocurrency exchange Binance recently acquired the derivatives platform JEX. According to industry reports, Binance plans to launch Bitcoin options contracts post the acquisition.

CME Registers Record-Trading for Bitcoin Futures

This year of 2019 saw a record jump in a number of Bitcoin Futures contract traded on CME after the crypto winter of 2018. The CME Group said that it has seen a huge trader-participation over the last few months for its Bitcoin Futures contracts.

In an email last month to Forbes, CME Group managing director and global head of equity products, Tim McCourt said: “Year-to-date, bitcoin futures are averaging 7,237 contracts per day, which is a 132% increase from the same period last year”. He also this as an exciting time for Bitcoin futures along with the overall crypto market. McCourt said:

“There is a lot of broad investor interest in cryptocurrency, as well as growing interest in a variety of applications for cryptocurrencies and blockchain technology. It will be interesting to see how this new market continues to grow and scale. For us at CME Group, a major focus is education, and making sure our customers have all the tools they need to make solid strategic decisions around crypto.”

Ever since the launch of Bitcoin Futures contracts in December 2017, May 2019 was the most successful month for the CME Group. McCourt explained:

“Trading an average of more than 13,600 contracts each day, equal to ~$515 million in notional value or 68K equivalent bitcoins. On May 13, BTC traded a record single-day volume of 33,677 contracts (168K equivalent bitcoin or $1.3B notional).”

Chicago Mercantile Exchange (CME) Planning to Launch Bitcoin Options Trading

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Bitcoin (BTC) на Currencies.ru

$ 95628.86 (+0.14%)
Объем 24H $40.959b
Изменеия 24h: -1.89 %, 7d: -7.19 %
Cегодня L: $95217.68 - H: $97458.26
Капитализация $1893.421b Rank 1
Цена в час новости $ 10400.93 (819.43%)

bitcoin options planning cme mercantile exchange launch

Источник: coinspeaker.com

bitcoin options → Результатов: 126


Фото:

Cboe unveils cash-settled spot Bitcoin options tied to ETF index

Cboe Global Markets is set to launch the first cash-settled options tied to the price of spot Bitcoin (BTC), with trading set to begin on Dec. 2, according to a Nov. 22 press release. These options will be based on the Cboe Bitcoin Us ETF Index (CBTX), designed to reflect the performance of spot Bitcoin […] The post Cboe unveils cash-settled spot Bitcoin options tied to ETF index appeared first on CryptoSlate.

2024-11-22 20:51


BlackRock’s Bitcoin ETF options brings in nearly $2b in trade on day one

Bitcoin hit a record of more than $94,000 following the launch of options contracts on BlackRock’s IBIT 289,000 contracts were Calls and 65,000 were Puts, meaning investors were bullish on a Bitcoin price rise Joe Constori said the market is bullish that Bitcoin’s price will reach $100,000 by the end of 2024 Options contracts on […] The post BlackRock’s Bitcoin ETF options brings in nearly $2b in trade on day one appeared first on CoinJournal.

2024-11-20 14:45


Фото:

Surge in Bitcoin open interest signals possible increase in volatility

Quick Take The incessant influx of disheartening news into the Bitcoin ecosystem continues to cast a shadow over the Bitcoin market, pushing its price further into the red. This downward trajectory is underscored by the options 25 delta skew (1-week), indicating that put options are not only trading at a premium but are also on […] The post Surge in Bitcoin open interest signals possible increase in volatility appeared first on CryptoSlate.

2023-6-15 16:24


After Taking Profits, the Infamous $36k Bitcoin Options Call Buyers Reposition to Higher Levels

Deribit meanwhile added Bitcoin options contracts with a $400k strike price with Dec. 21 expiry. Amidst this Dan Morehead of Pantera Capital is calling for $115,000 by August 2021. The post After Taking Profits, the Infamous k Bitcoin Options Call Buyers Reposition to Higher Levels first appeared on BitcoinExchangeGuide.

2021-1-15 21:00


Фото:

Institutions Long and Hedge Funds Short: Bitcoin Options Traders Prep for ‘Big Moves’ Ahead

Trends in bitcoin options markets are making it difficult for financial analysts to pinpoint BTC’s next move. Data from CME’s recently published trader report shows that institutional investors are capturing a larger number of bitcoin long contracts, while hedge funds are showing an all-time high for bitcoin short contracts.

2020-10-20 20:15


Huobi Futures to launch bitcoin (BTC) options trading in Q3

Following the successful launch of Perpetual Swaps in Q2 of this year, Huobi Futures will be aiming to launch Bitcoin Options Trading in Q3. Bitcoin Options are a form of financial derivative that gives the trader the right, but not the obligation, to buy or sell Bitcoin at a specific price at a certain date […] CryptoNinjas: Huobi Futures to launch bitcoin (BTC) options trading in Q3

2020-7-15 22:17


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Binance Acquires Cryptocurrency Derivatives Platform JEX

Cryptocurrency exchange Binance has acquired China-based Jaxx spot and derivates platform Jaxx for an undisclosed amount.    Binance Continues to Grow The Malta firm announced today that JEX is rebranding to Binance JEX, adding that the acquisition would grant them the rights to manage JEX tokens, the native cryptocurrency of the JEX platform.