The structuring of financial products around Bitcoin continues to accelerate. In addition to the launch of Bakkt next Monday and the endless history around the Bitcoin ETF, the CME Group continues to rely on its Bitcoin futures in the first quarter of 2020. By the beginning of 2020, the Bitcoin derivatives, specifically bitcoin options, need to be introduced to the market.
Bitcoin Options Follow on Bitcoin Futures – One Step Up to "Big Money"?
The Chicago-based CME group launched its Bitcoin Futures product in December 2017, coinciding with rival Windy City, the Chicago Board Options Exchange (CBOE). However, they quickly resumed operations in March 2018, leaving CME alone today. However, this will change with Monday's Bakkt Bitcoin Futures.
The group is now announcing that it plans to roll out Bitcoin options, targeting the first quarter of 2020. According to Coindesk, the CME Group wants to help its customers "additional tools for precision coverage and trading"Provide.
Tim McCourt, Global Head of Equity and Alternative Investment Products Group CME, said:
"Due to growing customer demand and the strong growth of our Bitcoin futures markets, we are confident that the introduction of options will give them greater flexibility in trading and the hedging of their Bitcoin Price Risk These new products are designed to help institutions and professional traders manage bitcoin exposures in the spot market and hedge Bitcoin futures positions in a regulated market environment. "
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Financial Products: Futures, Options and ETFs?
What seems so complicated is simply summarized: The CME Group takes the next logical step in the 1 × 1 financial products and wants to give customers more flexibility and coverage opportunities when trading Bitcoin with Bitcoin options.
The opportunity for ETFs to celebrate their beginnings in 2020 lies entirely with the SEC, which seems to have a long way to go for Bitcoin and its regulation. This is how the carousel around VanEck, SolidX and Bitwise continues to turn. The Bitcoin options will certainly give another important impetus in the right direction.
We remain attentive to you and take this opportunity to address some fundamental topics in the coming weeks. If you have any wishes, she likes to express!
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