CME to launch bitcoin futures
Pending regulatory approval, the cryptocurrency will become available on the world’s largest derivatives exchange operator by the year-end
CME Group, the world’s largest derivatives exchange operator, has announced its intention to launch bitcoin futures in the fourth quarter of this year, subject to regulatory approval.
The new contract will be cash-settled, based on the CME CF Bitcoin Reference Rate (BRR), which provides a once-a-day reference rate for the US dollar price of bitcoin.
The announcement helped the digital currency to reach an all-time high on October 31, surpassing the $6,400 threshold. The price of bitcoin
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