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CME Bitcoin Futures Options Overtake Bakkt with over $2 Million in Debut Trading Volume

Bitcoin (BTC) futures options trading is now live on the Chicago Mercantile Exchange – CME. The offering went live yesterday Jan. 13 and began trading after it successfully got approval from regulatory authorities. The CME Group announced this on its website as trading went live. According to the page, Bitcoin futures options were created to satisfy customers’ yearnings. It says it was done “in response to growing interest in cryptocurrencies and customer demand for tools to manage Bitcoin...

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CME Group Is Launching Its Bitcoin Options amid High Anticipation in the Market

It seems that traditional institutions are finally realizing that no-can-do without cryptocurrencies anymore. If we look at the market movements, there is huge impatience for the launch of CME Group Inc. options that should happen today.It is interesting because it is not the first of a kind. Bakkt that is under New York Stock Exchange parent Intercontinental Exchange Inc. began with the work in December last year. Moreover, as we have recently reported, yesterday FTX crypto derivatives...

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FTX Derivatives Exchange Launches Bitcoin Options Trading

FTX crypto derivatives exchange platform has begun services for Bitcoin (BTC) options. The announcement came in a tweet posted on Saturday from FTX CEO Bankman-Fried.Options are live!https://t.co/B85lrLVDQO— SBF (@SBF_Alameda) January 12, 2020The announcement did not include any specific details about the offering, only that its Bitcoin options. However, in another tweet just about two hours later, the CEO said the platform had hit $1m in volume, since the launch.FTX Bitcoin OptionsEven as...

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JPMorgan Chase: CME Group Will Do the Most for the BTC Futures Space

Executives of JPMorgan Chase & Co. believe that CME Group is going to be the company that dominates the bitcoin futures contracts arena.CME Group Is Heading the MarchAs we all know, other markets have opened the doorway to bitcoin futures trading in the past, a big example being Bakkt which began business in September 2019 after a long year of delays. The platform experienced a rather lackluster debut and is widely considered to be the reason for bitcoin’s dismal price performance just...

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CME Group Set to Launch Bitcoin Futures Options on January 13

The United States Commodity Futures Trading Commission (CFTC) has previously allowed several crypto derivatives products to enter the market. In that context, CME Group, which offers Bitcoin futures, plans to launch options on BTC futures on January 13, 2020.While responding to the growing interest in cryptos and customer demand for tools to manage Bitcoin exposure, CME Group decided to launch options on BTC futures. As we highlighted earlier, the firm officially confirmed this launch last...

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Bitwise Expresses Commitment to Bitcoin ETF in a New Letter to the SEC

The Bitwise digital asset management is still very much interested in creating a Bitcoin exchange-traded fund (ETF). On Wednesday, the firm sent a new letter to the United States Securities and Exchange Commission (SEC), responding to the earlier published 112-page rejection letter it received from the SEC back in October.Published by the SEC on Friday, the new letter addressed the SEC’s manipulation fears. According to the SEC, one of the reasons the Bitcoin ETF could not be approved was the...

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OKEx Surpasses CME in Launching Bitcoin Options Trading

Cryptocurrency exchange OKEx announced it decided to launch Bitcoin options trading by the end of this year.According to the announcement, the Malta-based exchange currently offers spot trading meaning purchase or sale of foreign currency, financial instrument or commodity for instant delivery on a specified spot date. It also offers futures trading and both of it in cryptocurrencies, A per the company, starting cash-settled options trading in BTC/USD pair begins on December 27 due to...

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$7,800 Next as Bitcoin Displays an Indication of Price Leap if CME Futures Gap Fills Up

The Bitcoin CME gap has turned out a tradable situation as of late, in any case, in past weeks, the gap has remained underneath the weekly gap however this isn’t the situation now.On November 29, the CME market left at $7,800, and at the hour of composing, Bitcoin was trading at $7,278.04. This implies if the CME is filled, Bitcoin may encounter a 7% value growth.While the scenario isn’t ensured aftermath, it has turned out an entirely dependable and extraordinary measurement for the...

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Fidelity Digital Finally Gets Its NY Trading License

Boston-based mutual fund behemoth Fidelity, that has incorporated more than $2.8 trillion in assets, has finally won its license from the New York State Department of Financial Services, the company confirmed on Tuesday.Actually it’s the subsidiary of this giant, called Fidelity Digital that has been opting for the license since July this year. The license will enable it to work with New York companies by offering them custody services and cryptocurrency trading.The company said in the blog...

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The Faces Behind The Rising Bitcoin Futures & Derivatives Market

The Bitcoin futures market has exploded like no one could have expected over the recent years, and it continues to grow. This summer, BitMEX hit a new record for BTC futures trading at over $16 billion.CME recently petitioned the CFTC to double its BTC futures trading capacity in the face of soaring interest. Binance had recently entered the space, and Bakkt has launched with its physically delivered BTC futures product (albeit somewhat tepidly).In the light of so much action among the margin...

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