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CME Group launches options on bitcoin futures

Tue, 14 Jan 2020, 06:02 am UTC

Derivatives marketplace CME Group has announced the launch of options on its bitcoin futures on Monday, January 13.

In its announcement, CME said:

“Following the maturation and success of our bitcoin futures introduced in December 2017 and in response to growing customer demand for additional regulated bitcoin derivative products, we are launching Options on Bitcoin futures on January 13, 2020.”


CoinDesk reported that options on CME's bitcoin futures contracts are available to trade on the CME Globex. Each contract is quoted in U.S. dollars and represents 5 bitcoin.

CME said that fees for options on bitcoin futures will match the bitcoin futures according to the CME Fee Schedule. It also plans to introduce a market maker program to support the on-screen market development of options on bitcoin futures.

The launch of CME’s bitcoin options follows the launch of Bakkt’s options and cash-settled futures products in December. PayPal and Google veteran Mike Blandina was recently named as the new CEO of Bakkt following the departure of former CEO Kelly Loeffler, who left her position after being appointed to the United States Senate.

In addition, Binance-backed derivatives platform FTX announced the launch of its own bitcoin options contracts on Sunday, Jan. 12.

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