RATE Group | Effect of CME Futures Options on BTC Price Depends on Halving
76940
post-template-default,single,single-post,postid-76940,single-format-standard,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
 

Effect of CME Futures Options on BTC Price Depends on Halving

24 Jan Effect of CME Futures Options on BTC Price Depends on Halving

Posted at 22:47h in Cryptocurrency News by

[ad_1]

CME Group launched new Bitcoin options on Jan. 14, which was revealed by the company’s global head of equity products Tim McCourt. The introduction of crypto options by a derivatives heavyweight in CME will further uplift the institutional infrastructure supporting the asset class.

Over the long term, investors generally anticipate improvements in the infrastructure surrounding Bitcoin (BTC) to have a positive impact on the cryptocurrency market.

CME Bitcoin options is a net positive for crypto

Speaking to Cointelegraph, cryptocurrency technical analyst Eric Thies said that CME options will bring in more stability in the market over the long run. Accredited and institutional investors will have a diverse selection of vehicles to use to enter into the cryptocurrency market. That variety will strengthen the foundation that would take cryptocurrencies from an emerging to an established asset class. He said:

“I’m optimistic it’s bullish for longer-term stability and that it also…

[ad_2]

Source link

Tags:
, , , , , , ,