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Bitcoin Options to Be Launched by CME Group in Q1 2020

  • Alex Dovbnya
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    CME Group is set to roll out Bitcoin options by early 2020 due to “increasing interest” in cryptocurrencies

Bitcoin Options to Be Launched by CME Group in Q1 2020
Cover image via www.123rf.com

Chicago-based CME Group has made an announcement about launching Bitcoin options in Q1 2020. Regulators are yet to green-light the new investment product.

The leading derivatives marketplace claims that this decision is driven by a growing demand for investment instruments that would help manage Bitcoin exposure.

Based on increasing client demand and robust growth in our Bitcoin futures markets, we believe the launch of options will provide our clients with additional flexibility to trade and hedge their bitcoin price risk,” says Tim McCourt, CME Group global head of equity index and alternative investment products.

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Bitcoin Futures Index Emitter for CME Granted First Crypto Benchmarks Regulation License in Europe

Both CME and Cboe rolled out cash-settled Bitcoin futures at the end of 2017, thus propelling the BTC price to the current ATH of $20,000.

After its next-door rival Cboe closed up shop, CME has been dominating the regulated Bitcoin futures market. As reported by U.Today, the total number of CME’s Bitcoin futures contracts has experienced a whopping 132 percent increase since 2018.

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with an extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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Bitcoin Price Likely to Decline to $7,800: Crypto Analyst

  • Yuri Molchan
    📰 News

    Bitcoin is to find support at $7,800 or recover to $8,300, an analyst writes, but either way ‘continuation of the ranging on either of the levels is going to occur’

Bitcoin Price Likely to Decline to $7,800: Crypto Analyst
Cover image via www.123rf.com

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Over the last few days, Bitcoin has been trading below the $8,500 area. At the moment, it has recovered to $8,258 after the recent slip below the $8,100 level.

Analysts have been bullish on BTC in the long run, however, the nearest BTC price movements are expected to be bearish.

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The crypto analyst @CryptoMichNL believes that there are two paths ahead of Bitcoin at the moment. If it fails to recover to $8,300, he says on his Twitter page, then the market should be ready for the flagship coin to drop and find support at the $7,800 or $7,300 levels.

Whichever way it goes, ‘continuation of the ranging on either of the levels is going to occur’.

The analyst tweeted this forecast twice with an hour pause.

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About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today.

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