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Bitcoin futures contracts to be offered by CME Group Inc. and Cboe Futures Exchange to mainstream investors.
CME Group, the world’s largest futures exchange, has announced that it has self-certified the initial listing of its Bitcoin futures contract.
On the anniversary of the publication of Satoshi Nakamoto’s Bitcoin white paper, the price of Bitcoin reached a new all-time high, following the news that CME Group, one of the world’s largest derivatives exchanges, will launch a Bitcoin futures product before the end of Q4 2017.
Derivatives marketplace operator CME Group has announced plans to launch a bitcoin futures product in the fourth quarter of this year.
Though the exact release date has yet to be revealed, CME said that the futures would be settled via cash and based on its CME CF Bitcoin Reference Rate, an index it debuted in Nov. 2016 in partnership with London-based Crypto Facilities. The futures would be listed on CME, the company said.
Earlier today, on October 22, the bitcoin price declined from $6,150 to $5,880, recording a minor correction after achieving a new all-time high at $6,199.
Bitcoin Price Increases From $4,800 to $6,199 in 10 Days, Correction Needed
Since October 12, the price of bitcoin has surged from $4,800 to $6,199, within a span of 10 days.
The first regulated cryptocurrency derivative trades have taken place on a U.S. exchange.
In a statement to the press today, bitcoin trading platform LedgerX confirmed rumors that it has already begun trading cryptocurrency derivatives, an offering it first received approval to begin selling to institutional investors in July.
According to figures provided by the company, LedgerX saw 176 swaps and options contracts traded in its first week, with notional values of more than $1 million.
The company that today settles the lion's share of U.S. securities is moving its flagship blockchain project out of the testing phase.
Revealed in an exclusive interview with CoinDesk, the DTCC reports that it has completed an early version of a blockchain that could one day support the trade of $11 trillion-worth of credit derivatives. The milestone signifies a major development for the clearing house, one that also marks a continuation of the largest effort yet to adapt an existing financial infrastructure to a blockchain.
A Maryland-based exchange-traded fund (ETF) firm has filed to launch two new bitcoin futures-based products.
According to a Form S-1 dated September 27, ProShares Capital Management wants to create two bitcoin-tied funds: the ProShares Bitcoin ETF and the ProShares Short Bitcoin ETF. Like other proposed ETFs that have emerged in recent months, ProShares isn’t planning to buy direct stakes in the cryptocurrency; rather, it intends to create exposure through derivatives contracts.