CME trades 54 Options on Bitcoin Futures contracts in debut

posted 5 days ago
CME traded 54 options on Bitcoin futures during its debut session for BTC contracts. The options provide the right, but not the obligation, to buy or sell a specified amount of coins within a set time period. CME Group was among the first US regulated exchanges to offer Bitcoin futures in 2018.

“The launch of listed options on futures is a significant step in the direction of increasing exposure to Bitcoin,” said Mike McGlone, an analyst with Bloomberg Intelligence. “Options are only launched and tradable on a 'liquid underlying' and the trend in BTC futures on the CME is increasing volume and open interest.”
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