Group Chicago Mercantile exchange (CME Group) is preparing to add another product in its portfolio of derivatives on bitcoin, according to The Block with reference to the sources.
As writes the edition, the platform was shared by the specifications of option contracts with companies providing services of market-making. Bitcoin options CME as the futures will be settled in Fiat and not in bitcoin. One of the sources said
“If they reached this point, then I think the launch is imminent. Has established significant pent-up demand to trade bitcoin options. I know that there are other products, but nothing compares in the availability of CME”.
Recall trading in bitcoin futures on CME started at the end of 2017. Estimated notional volume of open positions has grown from less than $ 100 million in January 2018 to more than 200 million by August.
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