CME, Bakkt, Outline Bitcoin Option Details

CME Group has released details of its options on bitcoin futures, which were announced in September and are targeted for launch in Q1 2020.

As expected, each contract is to be based on one of CME’s bitcoin futures contracts, which in turn consists of five bitcoin, and will be settled into one futures contract when trading ends.

The specifications were published almost a week after rival firm Bakkt, which is backed by ICE, announced it would launch its own bitcoin options contracts on December 9 based upon the benchmark Bakkt Monthly Bitcoin Futures contract. Bakkt, launched bitcoin futures in September.


Colin Lambert

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