Bitcoin futures launch on CME

Options on bitcoin futures launch on CME

Options on exchange-traded bitcoin futures launched Monday on the Chicago Mercantile Exchange (NASDAQ: CME), in response to growing crypto attraction and demand for tools to manage bitcoin ( BTC-USD) exposure. While volumes and open interest on a rival exchange known as Bakkt have been “rather small,” the new offering could be a game changer, said strategists at JPMorgan led by Nikolaos Panigirtzoglou.