NFT Collection The Superlative Secret Society Price, Stats, and Review
Ethereum: What $781M outflows in 7 days means for ETH’s prices
First Time In 71 Days: BlackRock’s Bitcoin ETF ‘IBIT’ Registers Zero Inflows
Ethereum, Solana and Altcoins Approaching ‘Banana Zone,’ According to Macro Guru Raoul Pal – Here’s His Outlook
Bitcoin ‘volatility to emerge soon:’ Should you believe this key indicator?
UK Law Enforcement Agencies Can Now Seize Crypto More Easily as New Rules Take Effect
The Rise of Hugewin: New Face of Crypto Casino
Bitcoin Bears Risk Losing $7.2 Billion If BTC Price Reaches This Level
Robinhood Lists Shiba Inu For New York Users, Moves 3 Trillion SHIB
Morgan Stanley to Broaden Availability of Spot Bitcoin ETFs: Report
Spot Crypto ETFs Set To Begin Trading in Hong Kong Next Week: Report
Bitcoin, Dogecoin Top Holder Profitability Ahead Of Cardano & Ethereum: Details
Bitcoin HODLing vs selling: A look at BTC trader behavior post-halving
Bitcoin Forms Death Cross & TD-9 Sell Signal: Brace For Impact?
Ready, Set, Grow: Why It Might Be Time To Invest In Altcoins Now – Santiment
FBI Warns Americans Against Using Non-KYC Crypto Money Transmitting Services
‘ETH Should Not Be Treated as a Security’ — Consensys Sues SEC Over Ethereum Regulations
Stripe reintroduces crypto payments via USDC stablecoin
New Bitcoin Whales Have Already Nearly Double the Size of Old Large BTC Owner Holdings: CryptoQuant
Shiba Inu Burn Rate Sees Massive 2,076% Spike In 24 Hours
Why Is The Dogecoin Price Down Today?
Bitcoin Dominance Has Peaked, According to Crypto Trader – Here’s What That Means for Altcoins
Consensys sues SEC over Ethereum crackdown
CME Group To Offer “Options” On Bitcoin Futures in Early 2020
CME Group is all set to launch options on Bitcoin Futures in early 2020. The move has been undertaken in response to growing customers’ demands for managing Bitcoin Exposure.
Bitcoin Traders In For Huge Benefits
Per a recent update on the official site of the Chicago Mercantile Exchange(CME) Group, it is all set to roll out options on Bitcoin Futures, post regulatory approval in early 2020.
The update mentions that options on Bitcoin Futures will offer Bitcoin traders a good potential to save on margins through margin offsets. Further, the CME CF Bitcoin Reference Rate ( BRR) will be calculated on a daily trading volume of major Bitcoin exchanges and trading platforms.
The options will further help traders mitigate possible risks of counterparty default with a central clearing. Moreover, this will expand choices for traders and help them in managing risk and building strategies, as it will support flexible trading.
CME Futures Record A 4 – Month Low
While options on Bitcoin Futures will be a piece of good news for traders, the present scenario doesn’t seem very beneficial for crypto holders. Yesterday, Chicago Mercantile Exchange (CME) futures is said to have recorded a 4-month low amid crashing BTC price.
There has been a significant fall in open interest. A devaluation in open interest was seen, as the value dropped from $384 million to the current value of $218. Further, the daily volume marked a reduction from its maximum value of $1.726 billion to its current value at $86 million.
Source- Skew MarketsAlso, about a week ago, in their bid to maintain trading volume, CME group was reported to have opened the gates for traders. This was to enable them to hold a higher number of open Bitcoin (BTC) contracts as they doubled their Bitcoin(BTC) futures contracts limits.
Will CME Futures come out of their 4- month low with the ongoing developments? Let us know, what you think?
The post CME Group To Offer “Options” On Bitcoin Futures in Early 2020 appeared first on Coingape.
