What’s the Effect of CME Launching Bitcoin Options on BTC & Altcoins?

What’s the Effect of CME Launching Bitcoin Options on BTC & Altcoins?

Options on CME’s Bitcoin futures contracts has been launched today. Each of these contracts represents five BTC. Quoted in US dollars, these contracts are cleared centrally to avoid counterparty risk. These options are introduced in response to “growing interest” in digital currencies and customer demand for tools to manage BTC exposure.