CME Group to Launch Bitcoin Futures December 18

The largest options exchange worldwide, the Chicago Mercantile Exchange Group (CME), has announced its official Bitcoin futures contracts will launch on Monday, December 18, 2017.

Also read: Nasdaq to Debut Bitcoin Futures by Mid 2018

CME Group Is Pleased to Bring Bitcoin Futures to the Market on December 18

CME Group to Launch Bitcoin Futures December 18On November 20 the firm CME Group published an error on the company’s bitcoin futures web page stating that its new bitcoin derivatives products would launch on December 10. Later that day, the company announced it was a mistake, and that the date was incorrect. Now on December 1, the exchange has announced its bitcoin-based self-certified initial listings will be available on December 18. Terry Duffy, CME Group’s Chairman and Chief Executive Officer explains;

We are pleased to bring Bitcoin futures to the market after working closely with the CFTC and market participants to design a regulated offering that will provide investors with transparency, price discovery, and risk transfer capabilities.

CME Group to Launch Bitcoin Futures December 18

A Continued Collaboration With U.S. Regulators and Reputable Cryptocurrency Trading Platforms

CME Group’s bitcoin futures products will be available for trade on the CME Globex electronic trading platform. Alongside this, the futures have been submitted for the CME Clearport on Sunday, December 17 and trading will begin the following day. The bitcoin futures provided by CME will be cash-settled by referencing the CME Read More Here