CME will start trading bitcoin futures 18 Dec

CME will start trading bitcoin futures 18 Dec

The operator of derivatives CME Group announced the launch of bitcoin futures on December 18, thus put an end to the many rumors and assumptions about when it will happen.

In a press announcement today, the CME stated that she has certified the product and that it has received approval from the Commission on trade commodity futures U.S. (CFTC). A few weeks ago on the company’s website has information about what the new product launch will take place on 11 December. However, as it turned out, this information was posted by mistake.

Terry Duffy, Chairman and chief Executive officer of CME Group, said:

We are happy to launch bitcoin futures. We work closely with the CFTC and other market participants to develop a adjustable, which will provide investors with transparency, clear pricing policies and opportunities for risk diversification.

The contracts were secured by cash and is based on controlling the rate of CME was created in partnership with some of the cryptocurrency exchanges, and will not require storage of the underlying asset.

However, Duffy said that for bitcoin futures will apply additional risk management tools, including margin trading of up to 35%, intraday price limits and others.

The new contract will be offered on the CME Globex platform.

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