Bitcoin Forum

Big spike in price on this news!

http://www.reuters.com/article/us-cme-group-bitcoin/cme-to-launch-bitcoin-futures-idUSKBN1D01UG

That's really great news !!

World's largest options and futures exchange announcing plans for Bitcoin futures by the end of this year is indeed a big news, crucial step towards a Bitcoin ETF. Cash-settled contract based on BRR.

CFTC-regulated bitcoin derivatives will bring a great deal of liquidity, recognition, and legitimacy to the Bitcoin market.

Earlier another Chicago-based exchange operator, Cboe Global Markets Inc had announced plans to offer cash-settled bitcoin futures by early 2018.

If CFTC approves these derivatives then there is no doubt that Bitcoin will hit $10K by the beginning of next year.

I think this news very much as a significant effect on the price of bitcoin as of today. And to quote Terry Duffy, CME Group chairman and CEO:

"Given increasing client interest in the evolving cryptocurrency markets, we have decided to introduce a bitcoin futures contract. As the world's largest regulated FX marketplace, CME Group is the natural home for this new vehicle that will provide investors with transparency, price discovery and risk transfer capabilities."

And yes, I think this could somewhat bring legitimacy to bitcoin trading and markets. Although I don't know if US regulators would allow this kind of derivatives contract. So it remains to be see and let's wait how thing will evolved in the future.

I don't people are quite grasping how absolutely huge this is.  This is a gigantic step forward. 

superb news indeed! no wonder we saw a All time high just few minutes ago  8)

I didn't realize how big the news was until I read the article and the comments. This is surely a huge step and may be the reason for legalization of BTC in many more countries. Although regulations would be implemented, this might take BTC to another level and surely will create a huge spike in BTC's price. I am a bit sad since Bittrex was not opted for and they relied on Bitstamp, GDAX, itBit and Kraken for price speculation.
Even then it's a good news for the whole Bitcoin community.

This article is simple and easy to understand.

Cme is going to list Bitcoin futures trading.

Cme is the worlds largest futures market operator.

Cme will use the daily average price from these exchanges: Bitstamp, GDAX, itBit and Kraken


Great news for Bitcoin and for the reputation of those specific exchanges.

Wonderful movement from CME, thanks to their rivalry with Cboe! I think it's great; but too early for a celebration, we should wait for the US authorities decision about it. If things change so fast, price dump will be very sharp be careful guys!

Great news man!

Exactly, I think the USA government might step in and stop these big companies from trading in Bitcoins just like we saw China do.