CME Group to Launch Bitcoin Futures ContractDerivatives marketplace operator CME Group has announced plans to launch a bitcoin futures product in the fourth quarter of this year.
Though the exact release date has yet to be revealed, CME said that the futures would be settled via cash and based on its CME CF Bitcoin Reference Rate, an index it debuted in Nov. 2016 in partnership with London-based Crypto Facilities. The futures would be listed on CME, the company said.
Terry Duffy, CME Group chairman and CEO, said in a statement:
"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."https://www.coindesk.com/cme-group-plans-launch-bitcoin-futures-contract/