New year, new options Options on Bitcoin futures to launch on January 13, 2020*

Discussion in 'Crypto Assets' started by ETJ, Nov 12, 2019.

  1. ETJ

    ETJ

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    New year, new options
    Options on Bitcoin futures to launch on January 13, 2020*
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    The new year will bring new opportunities to manage your bitcoin exposure with the introduction of CME options on Bitcoin futures on January 13, 2020. Our options contract is based on the liquid Bitcoin futures (BTC) contract, which has continued to see growing adoption and customer interest since its December 2017 launch.

    Key highlights in our growing Bitcoin futures market:
    • Average daily volume of over 6,500 contracts in 2019 (32.5K equivalent bitcoin), up 92% vs 2018
    • Daily open interest of 4,272 contracts in 2019, up 83% vs 2018
    • Global participation: ~50% of BTC volume was traded outside the US, with ~26% coming from APAC and ~21% from EMEA
    Options on Bitcoin futures at a glance:

    Regulated Reference Rate
    Value based on the regulated and robust CME CF Bitcoin Reference Rate

    Counterparty risk mitigation
    Reduce counterparty default risk through CME Clearing

    Greater capital efficiency
    Save on potential margin offsets between Bitcoin futures and options

    Learn more about options on Bitcoin futures, including Frequently Asked Questions and contract specifications.

    View contract details
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    Watch: Introduction to options on Bitcoin futures
    Understand options on Bitcoin futures and discover how our new contract can help you mitigate bitcoin risk and diversify your portfolio.

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    johnarb likes this.