The structuring of financial products around Bitcoin continues to travel. In addition to the Start of Bakkt next Monday, and the never-ending story around the Bitcoin ETF, the CME Group is after your Bitcoin Futures in Q1 2020. Because the beginning of 2020, the Bitcoin derivatives and, more specifically, Bitcoin options should come on the market.
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Bitcoin options on Bitcoin Futures is another step in the direction of “Big Money”?
The Chicago-based company CME Group launched its Bitcoin Futures product for the first time in December 2017, the same time as its competitors, Windy City, the Chicago Board Options Exchange (CBOE). This is a set their business, but back in March 2018 and again, what makes a CME that is currently standing alone. This will change with the Bakkt Bitcoin Futures on Monday but.Now a further announcement, the group plans to launch Bitcoin options, and the Q1 2020 target has taken followed. According to Coindesk, the CME Group wants to provide its customers with “additional Tools for Precision Hedging and Trading” available to you.Tim McCourt, CME Group Global Head of Equity Index and Alternative Investment Products, said:
“Due to increased customer demand and robust growth in our Bitcoin futures markets, we assume that the introduction of options will provide our customers with additional flexibility when trading and hedge their Bitcoin price risk. These new products are intended to help institutions and professional traders to manage Bitcoin Exposure on the spot market and Bitcoin Futures positions in a regulated exchange environment is secure.“
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6. Nash Exchange
Financial products: Futures, options, and then finally ETFs?
What sounds so complicated is simply summarized: The CME Group is the next logical step in the 1×1 of the financial products and would like to share with the Bitcoin options the customer more flexibility and hedging opportunities for trading with Bitcoin.Whether the ETFs may then celebrate in 2020 now finally their debut is entirely in the hands of the SEC, but it seems to have for Bitcoin and regulation to see a long way. The carousel also rotates around VanEck, SolidX and Bitwise and on. The Bitcoin options but is certainly a further important impulse in the right direction.We stay tuned for you and take advantage of the opportunity in the next few weeks, even a couple of basic issues. If you wish to have it expressed like!The Bitcoin options have an Option for you? Come in to our Telegram Chat and talk with the experts and the Community. Subscribe to our News channel to not miss any News. (Image Source: Shutterstock)