CME Group Bitcoin Index

[BlackJacky]

Folks,

why is it such a big deal that CME Group is going to set-up a Bitcoin Index? Maybe Ive understood something mit carefully but the NYSE has a Bitcoin Index.

Thanks for sharing your opinion

[nanonymousx]

It means in the near future, CME will have Bitcoin future listed for trade.

[mkc]

How is future traded related to Bitcoin index?

[nanonymousx]

How is future traded related to Bitcoin index?

Futures have a settlement price, which probably will be the index.

[LiteCoinGuy]

because:

"CME Group Inc. (Chicago Mercantile Exchange & Chicago Board of Trade) is an American futures company and one of the largest options and futures exchanges. It owns and operates large derivatives and futures exchanges in Chicago and New York City, as well as online trading platforms. In 2014, it gained regulatory approval to open a derivatives exchange in London.[4] It also owns the Dow Jones stock and financial indexes, and CME Clearing Services, which provides settlement and clearing of exchange trades."