CME Group, the Chicago Board Options Exchange (CBOE), and Cantor Fitzgerald have all announced the listing of cryptocurrencies will begin on December 18.
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“We are pleased to bring bitcoin futures to market after working closely with the CFTC and market participants to design a regulated offering that will provide investors with transparency, price discovery and risk transfer capabilities.” Said Terry Duffy, chairman and CEO of CME Group.
CME had previously specified a launch date of December 11 but has since retracted the statement clarifying that trading will begin on the new date of December 18.
CBOE and CME will present cash contracts that will find customers purchasing exposure to different reference rates that will not the individual to own the cryptocurrency.
CME has stated they will be using a reference rate created by Crypto Facilities, a partner of the firm.
However, CBOE plans to utilize the price from Gemini, a New York-based cryptocurrency exchange.
Cantor Exchange, a subsidiary of Cantor Fitzgerald, has said they will over bitcoin binary options, also beginning on December 18.