RATE Group | Analyst Expects Altcoins to Suffer With Launch of Bitcoin Options: Here’s Why
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Analyst Expects Altcoins to Suffer With Launch of Bitcoin Options: Here’s Why

13 Jan Analyst Expects Altcoins to Suffer With Launch of Bitcoin Options: Here’s Why

Posted at 02:24h in Bitcoin News by

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At long last, the CME — one of the first regulated institutions to offer Bitcoin futures — will be launching options for its BTC futures contracts. The launch will be taking place on January 13th (today, as of the time of publishing this).

Related Reading: Ripple CEO: These 3 Key Reasons Are Why XRP is Not a Security

Due to the fact that the CME has been one of the most influential companies on this nascent market over the past few years, analysts have already begun speculating on what effect the launch of the Bitcoin options will have on the broader crypto market.

Options Launch to Be Bearish for Altcoins

Prominent cryptocurrency commentator and analyst Ceteris Paribus recently noted that the impending launch of the options could be bearish for altcoins: “If it isn’t obvious, the more we see products like this get offered the more bearish it is for the majority of alts,” they wrote.

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