Bitcoin options boomed in 2020 – more growth expected in 2021
Following a surge in bitcoin futures trading in 2020, cryptocurrency exchanges and traders are expecting an even bigger year for options in 2021
CME Group to launch Bitcoin Options in 2020
The Chicago Mercantile Exchange (CME) plans to launch Bitcoin options in early 2020 to meet the demand for new, regulated Bitcoin derivatives. The exchange expects strong demand for its latest offering out of Asia.
Bakkt set for launch in Q3: Bullish for Bitcoin?
Wall Street’s crypto asset venture, Bakkt, is aiming to launch its bitcoin futures trading platform in Q3/2019. Analysts expect the highly anticipated Intercontinental Exchange-backed platform will attract new flows of institutional money into the industry.
Green light for physically-backed Bitcoin derivatives
This week derivatives exchanges LedgerX and ErisX were given the green light to offer physically-settled bitcoin futures contracts, beating VanEck and Bakkt to market.
Japanese report says Bitcoin Futures did not pop the 2017 crypto bubble
A report by Japanese analysts looked at the correlation between the introduction of the Bitcoin futures market and the price of Bitcoin. According to the report, the Bitcoin futures market did not cause the cryptocurrency bull market bubble to pop at the end of 2017.
Bakkt buys crypto asset custody company
Bakkt has acquired crypto custodian, Digital Asset Custody Company, and partnered with custodial bank, BNY Mellon. These developments are part of its strategy to provide a fully regulated, end-to-end crypto asset custody and trading ecosystem for institutional investors.
Fed report says launch of futures crashed bitcoin price
The Federal Reserve of San Francisco in its report published on Tuesday argues bitcoin's price peak and crash coinciding with the introduction of bitcoin futures is no coincidence, and parallels it with the rise and collapse of the home financing market in the 2000s.
Cboe to launch Bitcoin Futures trading on December 10th
In a move that looks set to pip the CME at the Bitcoin Futures trading post, Cboe Global Markets has announced plans to offer trading in bitcoin futures beginning on Sunday, December 10th.Cboe bitcoin futures will trade on the CBOE Futures Exchange under the ticker symbol XBT and there will be no fees for trades during December the company says.
CME Group confirms Bitcoin Futures to launch December 18th
CME Group today announced that it has self-certified the initial listing of its Bitcoin futures contract to launch on Monday, December 18. "We are pleased to bring Bitcoin futures to 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," said Terry Duffy, CME Group Chairman and Chief Executive Officer.
Bitcoin 2018: ‘Show me the (institutional) money!’
As an investment asset Bitcoin has been a stellar performer in 2017, eclipsing the returns of equities, bonds, and commodities by a substantial margin. Year-to-date, bitcoin has generated a return on investment of over 950 percent. The S&P 500, on the other hand, is only up 17 percent since the start of the year, while the Barclays Global Aggregate Bond Index is up 7 percent and the Rogers International Commodity Index (RICI) is up 2.5 percent year-to-date.
CME Bitcoin futures announcement captures institutional investor attention
On Tuesday, CME Group — the world’s largest derivatives trading house by volume — announced that it will launch trading for Bitcoin futures contracts before the end of the year, pending approval by the U.S. Commodity Futures Trading Commission (CFTC). Bitcoin’s price has seen a steady bull trend since the announcement, rising more than ten percent the following day — and continuing to hit all-time highs throughout the week.
