RATE Group | ICE Seeks CFTC Approval for Physical Bitcoin Futures
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ICE Seeks CFTC Approval for Physical Bitcoin Futures

21 Dec ICE Seeks CFTC Approval for Physical Bitcoin Futures

Posted at 14:22h in Bitcoin News by

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The Intercontinental Exchange appears to be on a quest to make Bitcoin investing easier. The company is said to be in advanced discussions with the US CFTC regarding the launch of physically settled Bitcoin futures.

Cybersecurity is proving to be the main topic of deliberations with the US securities regulator. According to a report by the WSJ, the effort is backed by firms like Microsoft and Starbucks. The legitimization of digital currencies as an asset class is long-awaited by tech companies.

Earlier this week, Facebook was unveiled to be considering the introduction of a payment system using a stable coin into WhatsApp.

Rumors about a cash-settled bitcoin futures contract are circulating since early autumn. In the last days of November, the ICE announced a prospective date for the launch which is set to the 24th of January. The plan is still subject to regulatory approval.

Institutional Investors

Physical settlement of bitcoin futures is central to the asset gaining trust with…

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