RATE Group | Derivatives Giant CME to Launch Bitcoin Options on Monday
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Derivatives Giant CME to Launch Bitcoin Options on Monday

11 Jan Derivatives Giant CME to Launch Bitcoin Options on Monday

Posted at 20:47h in Bitcoin News by

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Derivatives Giant CME to Launch Bitcoin Options on Monday 101
Source: iStock/jpgfactory

Major financial derivatives marketplace Chicago Mercantile Exchange Group (CME) is seemingly ready to launch its long-awaited options on Bitcoin (BTC) futures on January 13.

As BTC’s market capitalization is growing, a number of options to trade this cryptocurrency is growing as well. We may not see ETFs (exchange-traded funds) in the U.S. for a while longer due to regulatory concerns, but Bitcoin options might also help bring more investors into this market.

Options are financial derivatives that provide the holder with the right to buy or sell an asset at a specific price on a predetermined date, but without the obligation to do so. This means that options allow the speculators among us to bet on a price rise or decline of an underlying asset using leverage.

On Monday, options on Bitcoin futures, with one contract representing BTC 5, offered by CME Group will be available for trading, which will enable greater flexibility in managing Bitcoin price…

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