- CME Group, a leading marketplace for derivatives which handles 3 billion contracts worth about $1 quadrillion annually, is set to roll out bitcoin futures by the fourth quarter.
- A bitcoin future will allow investors to bet on the future price of bitcoin without having to actually hold the coin itself.
- It could bring more Wall Street firms into bitcoin and other cryptocurrencies.
Just when you thought you finally got your head around bitcoin, along comes a new bitcoin-linked financial product: bitcoin futures.
CME, the Chicago-based exchange giant, said on Tuesday that it would launch a bitcoin futures product before the end of the year. Last year CME launched a bitcoin index CME CF Bitcoin Reference Rate. The bitcoin futures will be based off of this rate. ..
Read Full: Bitcoin is skyrocketing because 2 of the biggest exchange groups in the world are launching bitcoin futures