They have completed the self-certification process and will go on December 18 with the first Bitcoin futures at the start, said the CME on Friday. It had cooperated in advance with the US regulator CFTC. They will monitor the trade in the new product and then continue to consider whether adjustments are needed, according to the CFTC.
The introduction of such derivatives allows, for example, institutional investors to hedge against strong fluctuations in Bitcoin. Overall, speculation with the Bitcoin currency by such futures derivatives are also made possible for broader buyers.
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