CME Group Is Pleased to Bring Bitcoin Futures to the Market on December 18
So the date is confirmed. Another $10 billion worth of funds will be used to trade in bitcoin and more importantly by institutional investors. Terry Duffy, CME Group’s Chairman and Chief Executive Officer proclaimed:
We are pleased to bring Bitcoin futures to the market after working closely with the CFTC and market participants to design a regulated offering that will provide investors with transparency, price discovery, and risk transfer capabilities.
At launch, our new Bitcoin futures contract will be subject to a variety of risk management tools, including an initial margin of 35 percent, position and intraday price limits, and a number of other risk and credit controls that CME Group offers on all of its products.
This news is definitely a boom for bitcoin and will fuel its ascent to new highs.
Source: Bitcoin.com
See Also Previous Posts:
Digital Currency Past Present Future - Companies That Accept Bitcoin as Payment
Digital Currency Past Present Future - When Bitcoin Becomes the Digital Gold
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