rtmark
LearnBonds.com

CME Group Sees Successful Bitcoin Options Launch

Bitcoin

The Chicago Mercantile Exchange (CME) Group launched its Bitcoin options trading support yesterday to great fanfare. In fact, the company ended up with 275 Bitcoin offered, which translates to around 55 options contracts, according to an interview with CoinTelegraph.

While this should automatically be considered a successful metric by any account, Tim McCourt, the managing director of CME Group, said specifically to the publication that they’re “very pleased” with its launch day.

“Each option is on one future, and one future is worth five Bitcoin at CME, so a little over $2 million in terms of notional value, which is great to see,” he says.

Of course, Bitcoin options, while not essentially to the surrounding use case of Bitcoin, bring a sort of legitimacy to the offering. After all, many out there are still waiting to get into the market – and that’s not due to a lack of interest. Instead, it’s more that potential investors want additional, well, options to get involved with, which could consist of futures, options offerings, or something else, as long as it’s a feature that traditional markets share as well.

We’ll have to see if the CME Group will see continued success. That said it isn’t the only one expanding into new features for its Bitcoin traders. Bakkt recently launched physically-backed Bitcoin futures, for example, as well as cash-settled ones and even options themselves some time later.

Trusted & Regulated Stock & CFD Brokers

Rating

What we like

  • 0% Fees on Stocks
  • 5000+ Stocks, ETFs and other Markets
  • Accepts Paypal Deposits

Min Deposit

$200

Charge per Trade

Zero Commission on real stocks

Rating

64 traders signed up today

Visit Now

67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

Available Assets

  • Total Number of Stocks & Shares5000+
  • US Stocks
  • German Stocks
  • UK Stocks
  • European
  • ETF Stocks
  • IPO
  • Funds
  • Bonds
  • Options
  • Futures
  • CFDs
  • Crypto

Charge per Trade

  • FTSE 100 Zero Commission
  • NASDAQ Zero Commission
  • DAX Zero Commission
  • Facebook Zero Commission
  • Alphabet Zero Commission
  • Tesla Zero Commission
  • Apple Zero Commission
  • Microsoft Zero Commission

Deposit Method

  • Wire Transfer
  • Credit Cards
  • Bank Account
  • Paypall
  • Skrill
  • Neteller

What we like

  • 0% Commission
  • Trade Stocks Via CFDs
  • Authorized & regulated by the FCA

Min Deposit

$100

Charge per Trade

Zero Commission

Rating

Visit Now

76.4% of retail investor accounts lose money when trading CFDs with this provider.

Available Assets

  • Total Number of Stocks & Shares+2000
  • US Stocks
  • German Stocks
  • UK Stocks
  • European
  • ETF Stocks
  • IPO
  • Funds
  • Bonds
  • Options
  • Future
  • CFDs
  • Crypto

Charge per Trade

  • FTSE 100 Zero Commission
  • NASDAQ Zero Commission
  • Dax Zero Commission
  • Facebook Zero Commission
  • Alphabet Zero Commission
  • Tesla Zero Commission
  • Apple Zero Commission
  • Microsoft Zero Commission

Deposit Method

  • Wire transfer
  • Credit Cards
  • Bank Account
  • Paypal
  • Skrill
Users should remember that all trading carries risks and users should only invest in regulated firms. Views expressed are those of the writers only. Past performance is no guarantee of future results. The opinions expressed in this Site do not constitute investment advice and independent financial advice should be sought where appropriate. This website is free for you to use but we may receive commission from the companies we feature on this site.

Cryptocurrency and games writer. Looking to the future by studying how these two industries can blend. LinkedIn: https://www.linkedin.com/in/maxwell-moeller-912044b4/