RATE Group | CME Group Expects New Bitcoin Options to See High Demand in Asia
64857
wp-singular,post-template-default,single,single-post,postid-64857,single-format-standard,wp-theme-bridge,wp-child-theme-bridge-child,ajax_fade,page_not_loaded,,qode_grid_1300,side_area_uncovered_from_content,footer_responsive_adv,qode-content-sidebar-responsive,qode-child-theme-ver-1.0.0,qode-theme-ver-13.3,qode-theme-bridge,wpb-js-composer js-comp-ver-7.9,vc_responsive
 

CME Group Expects New Bitcoin Options to See High Demand in Asia

10 Oct CME Group Expects New Bitcoin Options to See High Demand in Asia

Posted at 12:01h in Bitcoin News by

[ad_1]

The Chicago Mercantile Exchange (CME) Group expects to see high demand in Asia for its forthcoming Bitcoin (BTC) options product.

Tim McCourt, CME Group’s global head of equity index and alternative investment products, told news outlet South China Morning Post on Oct. 10 that the new crypto derivative product is expected to prove as popular as the exchange’s existing BTC futures.

Miners will be able to hedge their costs

According to the report, as much as half of the volume for CME’s current BTC futures is accounted for by Asian and European traders. McCourt told reporters that the forthcoming options product would allow market participants to be more precise in how they gain exposure to Bitcoin and manage its price risks:

“While futures give you a one-for-one exposure, whereby the movement of the underlying bitcoin translates directly to a specific dollar value per contract, an option gives you varying strike-price levels and can give you either downside protection, or…

[ad_2]

Source link

Tags:
, , , , , , ,