Bitcoin options trading opened
As of today, it will be possible for investors to trade Bitcoin options as well as futures on the traditional Chicago futures exchange CME.
This is a milestone for Bitcoin. Bitcoin options make it easier, especially for professional investors, to secure Bitcoin investments and to participate in the movements of the cryptocurrency.
“Since the introduction of our Bitcoin futures almost two years ago, customers have shown growing interest in options as another way to hedge and trade in these markets. (…) We believe that Bitcoin options now give our customers more precision and flexibility in risk management will offer, “said the CME Group.
CME has been trading Bitcoin futures for two years. The launch of this product in December 2017 had a massive impact on Bitcoin’s price. Although it climbed to a record high shortly after the start, the greatest crash in its history subsequently occurred.
Increasing acceptance in the financial world
It is uncertain whether the introduction of Bitcoin options at CME will lead to similar price pressure. More important could be the increasing acceptance of the unregulated cryptocurrency in the established financial world.
Since the beginning of December, the smaller platform Bakkt has been able to trade Bitcoin options, which had little impact on the price. After the turn of the year, Bitcoin became somewhat more expensive. The reason for the recent price increase was the US-Iran conflict.
The problem remains of the high exchange rate fluctuations that have so far largely made Bitcoin unsuitable as a means of payment. If you want to pay with digital money as a private person, there will be interesting alternatives available in the future. Among other things, a digital euro is under discussion.
image by Shutterstock
TheBitcoinNews.com – Bitcoin News source since 2012
Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. TheBitcoinNews.com holds several Cryptocurrencies, and this information does NOT constitute investment advice or an offer to invest.
Everything on this website can be seen as Advertisment and most comes from Press Releases, TheBitcoinNews.com is is not responsible for any of the content of or from external sites and feeds. Sponsored or guest posts, articles and PRs are NOT always flagged as this. Expert opinions and Price predictions are not supported by us and comes up from 3th part websites.
Advertise with us : Advertise
Post source: Bitcoin options trading opened