[2017-12-01] It’s Official – CME Group to Launch Bitcoin Futures December 18

[Iloveelvis]

The largest options exchange worldwide, the Chicago Mercantile Exchange Group (CME), has announced its official Bitcoin futures contracts will launch on Monday, December 18, 2017.

On November 20 the firm CME Group published an error on the company’s bitcoin futures web page stating that its new bitcoin derivatives products would launch on December 10. Later that day, the company announced it was a mistake, and that the date was incorrect. Now on December 1, the exchange has announced its bitcoin-based self-certified initial listings will be available on December 18. Terry Duffy, CME Group’s Chairman and Chief Executive Officer explains;   

We are pleased to bring Bitcoin futures to the market after working closely with the CFTC and market participants to design a regulated offering that will provide investors with transparency, price discovery, and risk transfer capabilities.

Read More Here >>>   https://news.bitcoin.com/cme-group-to-launch-bitcoin-futures-december-18/

[digodk]

Welp. I think it's very likely we will see a  nice boost to price now due to anticipation in the market up until close to 18th. Maybe close to the date ther'll be some manipulation in order to lower the price when they start trading?
Then on 18th it will skyrocket again.

[Kemarit]

Welp. I think it's very likely we will see a  nice boost to price now due to anticipation in the market up until close to 18th. Maybe close to the date ther'll be some manipulation in order to lower the price when they start trading?
Then on 18th it will skyrocket again.

I agree, since CME has already announced it officially, expect tomorrow that we are going to reach ATH again. For me, its bound to happen and I have anticipated it or most of members here have anticipated this kind of event that's why you didn't see bitcoin going below $9000 eventhough it has retracted quite a couple of times. More cash will pour into the ecosystem once more and this kind of news are want we all been waiting for especially at the end of the year. We still have the Nasdaq futures still, the news said that by Q2 they will be ready. I don't know manipulations though, I can only speculate that is really getting harder to manipulate now since there's a lot of whales pumpers now unlike before when the Chinese can do fake volumes until they were caught by PBoC.

[CryptoBry]

Welp. I think it's very likely we will see a  nice boost to price now due to anticipation in the market up until close to 18th. Maybe close to the date ther'll be some manipulation in order to lower the price when they start trading?
Then on 18th it will skyrocket again.

I agree, since CME has already announced it officially, expect tomorrow that we are going to reach ATH again. For me, its bound to happen and I have anticipated it or most of members here have anticipated this kind of event that's why you didn't see bitcoin going below $9000 eventhough it has retracted quite a couple of times. More cash will pour into the ecosystem once more and this kind of news are want we all been waiting for especially at the end of the year. We still have the Nasdaq futures still, the news said that by Q2 they will be ready. I don't know manipulations though, I can only speculate that is really getting harder to manipulate now since there's a lot of whales pumpers now unlike before when the Chinese can do fake volumes until they were caught by PBoC.

I am personally expecting that the future of Bitcoin will be rosier and brighter with the latest developments in the market. Finally, we can say that Bitcoin is now accepted as a legitimate currency/asset by those in the traditional investing platforms. I am so sure that this will just be the start as an snowball of futures product and services from established finance firms would be introduced in 2018. CME is just right in providing the catalyst. We are hoping that this CME project would be a stunning success!

[digodk]

I am personally expecting that the future of Bitcoin will be rosier and brighter with the latest developments in the market. Finally, we can say that Bitcoin is now accepted as a legitimate currency/asset by those in the traditional investing platforms. I am so sure that this will just be the start as an snowball of futures product and services from established finance firms would be introduced in 2018. CME is just right in providing the catalyst. We are hoping that this CME project would be a stunning success!

Well it certainly sets precedent for one. The Nasdaq event should be a big boost also. I notice bitcoin is being recognized more and more as an asset rather than currency. That is also the talk you see around on may comment sections, maybe that is where its future lies.

I fear for manipulation due to the large difference between CME and bitcoin volume, some big players might try to put a finger or two on the market. However, I agree that the more money comes in, the less we will see this type of action, specially because some big players in bitcoin do not share the same values as the wallstreet folks.

I myself will mostly just sit and watch the show as the price soars once again.

[coolcountry]

This will probably boost the price once again, also drawing perhaps excessive attention to bitcoin once again, which unfortunately always gets the bubble discussions going. However, the increase in price and popularity is always good in my opinion.

[richardsNY]

This is insane! A higher bullish-tier-confirmation than this isn't possible at this point. I am happy that I haven't been securing profits at any of the recently reached levels. At that moment I was still in doubt about whether or not CME would be allowed to offer these futures. It's easy for authorities to just say no and from there try to prevent institutions from investing in this market, but all things have fallen into the right places, and finally we can experience what the impact will be once CME opens its market. If people are waiting for the market to go down in order to finally enter, stop wasting time and just buy Bitcoin already. Look at how things have gone this year -- waiting only resulted in disappointment.

[jekjekman]

Welp. I think it's very likely we will see a  nice boost to price now due to anticipation in the market up until close to 18th. Maybe close to the date ther'll be some manipulation in order to lower the price when they start trading?
Then on 18th it will skyrocket again.

I agree, since CME has already announced it officially, expect tomorrow that we are going to reach ATH again. For me, its bound to happen and I have anticipated it or most of members here have anticipated this kind of event that's why you didn't see bitcoin going below $9000 eventhough it has retracted quite a couple of times. More cash will pour into the ecosystem once more and this kind of news are want we all been waiting for especially at the end of the year. We still have the Nasdaq futures still, the news said that by Q2 they will be ready. I don't know manipulations though, I can only speculate that is really getting harder to manipulate now since there's a lot of whales pumpers now unlike before when the Chinese can do fake volumes until they were caught by PBoC.

I am personally expecting that the future of Bitcoin will be rosier and brighter with the latest developments in the market. Finally, we can say that Bitcoin is now accepted as a legitimate currency/asset by those in the traditional investing platforms. I am so sure that this will just be the start as an snowball of futures product and services from established finance firms would be introduced in 2018. CME is just right in providing the catalyst. We are hoping that this CME project would be a stunning success!

I can't believe this is really happening right now, two months ago bank executives are calling bitcoin as a bubble. Too much FUDs was given to bitcoin in the past month and suddenly now it will be included on the real world's trading platform and regulators even gave a green light for it. I now believe the saying "if you can't beat them, join them.". I wonder how the people who sold their coins when it hit $10,000 is feeling right now. It is not yet too late to buy back those coins.

[darkangel11]

So, they are going live right before Christmas. Some old wealthy guys will find a BTC investment under their christmas tree. Are you guys expecting $12k to break by the end of the month? I sure do.

This will probably boost the price once again, also drawing perhaps excessive attention to bitcoin once again, which unfortunately always gets the bubble discussions going. However, the increase in price and popularity is always good in my opinion.

As for those of you who are calling it a bubble, it's not. Just listen to yourself for a second and think. If someone puts money into a legit investment platform approved by the regulators, it's nothing out of the ordinary, but when a million users does the same and puts something like 100 million USD into the thing it's a bubble. So it doesn't matter what the investment is, but if it grows too fast it has to be suspicious, right?

[digodk]

The way I see it, bitcoin could be thought as a bubble if it's considered only as an investment (and even then I do not agree entirely with this opinion). The thing is that bitcoin is not being seen as an such(at least for its core community), but rather as a store of value and a new currency. So the fear for the so called tulip bubble does not make sense. We're not trying to earn money using bitcoin. Bitcoin is our money.

[Samarkand]

So, they are going live right before Christmas. Some old wealthy guys will find a BTC investment under their christmas tree. Are you guys expecting $12k to break by the end of the month? I sure do.

I´m actually not sure if the CME Group futures will be that bullish for the BTC price in the short term.
Sure, the prise has surged today due to the news of the approval, but there are at least two
problems in my opinion.

1. Institutional investors are not stupid for the most part. They are not going to buy at unprecedented highs (=all-time highs)
and instead are going to enter the market after a correction. It is entirely plausible that the BTC price will drop when
people realize that the institutional money is waiting instead of buying in directly.

2. The futures at CME Group are the first reliable way of shorting BTC. Previously, you had to use a more or less sketchy
BTC exchange with a lot of counterparty risk. CME Group is on another level and this could imply that some of these billionaires
that were vocal about BTC being a bubble can now actually short it reliably.

[J. Cooper]

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I can't believe this is really happening right now, two months ago bank executives are calling bitcoin as a bubble. Too much FUDs was given to bitcoin in the past month and suddenly now it will be included on the real world's trading platform and regulators even gave a green light for it. I now believe the saying "if you can't beat them, join them.". I wonder how the people who sold their coins when it hit $10,000 is feeling right now. It is not yet too late to buy back those coins.

These guys don't really care about their words nor do they care about principles. If it makes them money they will jump on the train and ride it until it stops making them money. So in this case "if you can't beat them, join them" certainly does apply.

[BellaBitBit]

Here comes retail and industrial money, the FOMO will most likely be high. As stated in the article, a good part of this is that the price will eventually stabilize bringing in even more new money. Interesting days ahead for bitcoin.

[DooMAD]

2. The futures at CME Group are the first reliable way of shorting BTC. Previously, you had to use a more or less sketchy BTC exchange with a lot of counterparty risk. CME Group is on another level and this could imply that some of these billionaires that were vocal about BTC being a bubble can now actually short it reliably.

While it's generally accepted that more liquidity brings less volatility, this could potentially be a factor going forward.  It's fairly observable that the more instruments and derivatives in a market, the easier it tends to be to manipulate.  But on the other hand, I still feel more comfortable with the institutional investors playing with those, rather than holding large sums of BTC directly.

Bitcoin was always going to square off against the $1.2 Quadrillion Derivatives Market Debt-Vortex of Fakery at some point.  Now seems as good a time as any.  I know which one I feel more comfortable having my money in.