CME’s Options on Bitcoin Futures Pass Regulatory Approval and Go Live
Helen Partz's original article for cointelegraph.com reduced by 70%
The Chicago Mercantile Exchange has received necessary regulatory approval and has launched its new Bitcoin futures options as of today, Jan. 13. According to the official website of CME, the new type of Bitcoin derivatives contract - Bitcoin futures options - is now live, which comes in line with the company's plans announced in November 2019.CME's Bitcoin futures options was subject to "Regulatory approval" earlier in the day.
Specifically, the launch of CME's Bitcoin futures options follows regulatory approval that the exchange received earlier today, as reported by Cointegraph. CME, one of the first exchanges to host Bitcoin futures contracts - alongside the Chicago Board Options Exchange back in 2017 - first announced its plans to introduce options on Bitcoin futures on Nov. 12, 2019.
The news comes amid Bitcoin futures traders reportedly generating at least $20 billion in daily volume last week. According to aggregate volume data for Bitcoin futures products by analyst Skew Markets, global futures trading volume exceeded $20 billion on Jan. 8 alone.
CME is purportedly the third global derivatives player to launch trading for options on Bitcoin futures.
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Summarised crypto news.