Derivatives Giant CME Group Unveils New Tools for Bitcoin Traders
Derivatives marketplace CME Group today unveiled two bitcoin benchmarks designed to give investors a new way to hedge. Built in partnership with London-based Crypto Facilities, the prices for the two benchmarks will be derived from six different bitcoin exchanges – Bitfinex, Bitstamp, Coinbase, Genesis Global Trading, itBit and Kraken – and are designed to be compliant with global regulatory requirements. The benchmarks can be used as bitcoin price reference points in derivatives that help manage the risk of bitcoin investments. Speaking with CoinDesk, Crypto Facilities chief operating....
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In a major move that is undoubtedly going to benefit and bring credibility to bitcoin and digital currencies, derivatives giant CME Group has announced the launch of two bitcoin benchmarks as its newest products. CME Group rival ICE (Intercontinental Exchange Inc) which owns the New York Stock Exchange, will also launch a real-time price index for bitcoin price. Described by The Economist as “the biggest financial exchange you’ve never heard of,” Chicago-based CME (Chicago Mercantile Exchange) Group owns and operates some of the largest derivatives and futures exchanges in multiple cities....
Global markets company and Chicago-based derivatives exchange CME Group plans to launch 11 new reference rates tied to specific crypto assets. The reference rates and real-time indices bolstered by CF Benchmarks are typically leveraged by exchange-traded products and other investment vehicles.
11 Crypto Assets Get Reference Rate Treatment From CME Group and CF Benchmarks
CME Group is adding 11 more cryptocurrencies to the firm’s existing bitcoin and ethereum reference rates. Crypto reference rates like the CME CF Reference Rates are often used as a benchmark for....
On Tuesday, the world’s largest financial derivatives exchange, Chicago Mercantile Exchange (CME) Group, announced the upcoming launch of ethereum-based micro futures slated to be listed on December 6. The launch follows CME Group’s bitcoin micro futures listing in May, which saw 100,000 micro bitcoin futures traded during the first six days after launch. CME to Launch Micro Ether Futures Pending Regulatory Approval CME Group announced on Tuesday that the company plans to launch micro ether futures on December 6, “pending regulatory review.” According to the CME....
CME Group has officially launched its bitcoin price indexes following months of development. The derivatives giant has spent the last month beta testing its CME CF Bitcoin Reference Rate and CME CF Bitcoin Real Time Index in partnership with London-based firm Crypto Facilities. Announced earlier this year, the indexes leverage price data from a suite of global bitcoin exchanges in Asia, Europe and North America. CME also disclosed the names of the independent advisory committee overseeing the price resources. Members include bitcoin advocate and author Andreas Antonopoulos and Imperial....
Goldman Sachs is offering non-deliverable forwards based on bitcoin’s price and unveiled a new desk that’s trading bitcoin derivatives.