CME Group Plans to Launch Bitcoin Futures December 10

Chicago Mercantile Exchange (CME Group) planning to launch its bitcoin-based derivatives products this quarter. Now according to CME’s bitcoin futures market specs, the firm plans to launch its derivatives products on December 10 pending regulatory approval.

**On November 20, 2017, at 5:00 pm EDT, CME Group Inc, announced that it will launch its futures contracts this year but the December 10-11 dates were posted in error.

CME Group’s CEO Terry Duffy: ‘Our Exchange is the Natural Home for This New Bitcoin-Based Vehicle’
CME Group Plans to Launch Bitcoin Futures December 10At the end of October, the world’s largest options exchange announced it would be offering mainstream investors the chance to participate in bitcoin-based futures markets in Q4 of 2017. The company will follow the firm, LedgerX, which has been swapping bitcoin futures for a few weeks now. Terry Duffy, CME Group’s CEO, and Chairman explained at the time that there is a lot of interest in bitcoin derivatives products stating;

Given increasing client interest in the evolving cryptocurrency markets, we have decided to introduce a bitcoin futures contract — As the world’s largest regulated FX marketplace, CME Group is the natural home for this new vehicle that will provide investors with transparency, price discovery and risk transfer capabilities.