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Cryptocurrencies: 28644
Markets: 116584
Market Cap: $2,436,697,908,746     
24h Vol: $109,845,975,901
Seeking Alpha 2023-02-14 15:31:26

CME Group to add bitcoin futures to its suite of event contracts

CME Group to add bitcoin futures to its suite of event contracts
CME Group ( NASDAQ: CME ) will add bitcoin ( BTC-USD ) futures to its suite of event contracts starting on March 13, the derivatives exchange said Tuesday. "Our new event contracts on Bitcoin futures provide a highly transparent and less complex way for investors to access cryptocurrency markets – with the added benefit of a fully regulated platform," said Tim McCourt, global head of Equity and FX Products at CME Group. The contracts, pending regulatory review, track the daily price action of CME's ( CME ) benchmark bitcoin ( BTC-USD ) futures, and offers a "lower-cost way for investors to trade their views on the up or down price moves of bitcoin," he added. This is far from CME's ( CME ) first foray into crypto. In fact, the company achieved record average daily volume in 2022, partly helped by significant growth in crypto ADV .
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