Derivative marketplace CME Group is slated to expand its suite of event contracts to include Bitcoin futures on March 13, noting the action would occur pending regulatory review.
CME Group offers event contracts on benchmark futures markets, including gold, silver, copper, crude oil, natural gas, E-mini S&P 500, E-mini Nasdaq-100, and E-mini Dow Jones Industrial Average. Daily options on futures enable participants to know their maximum profit or loss when entering a trade.
“Our new event contracts on Bitcoin futures provide a highly transparent and less complex way for investors to access cryptocurrency markets – with the added benefit of a fully regulated platform,” CME Group Global Head of Equity and FX Products Tim McCourt said. “These contracts, which track the daily price moves of our deeply liquid benchmark Bitcoin futures, offer an innovative, lower-cost way for investors to trade their views on the up or down price moves of bitcoin.”
According to CME Group, the company’s exchanges offer the widest range of global benchmark products across all major asset classes based on interest rates, equity indexes, foreign exchange, energy, agricultural products, and metals, providing futures and options on futures trading via the CME Globex platform, fixed income trading via BrokerTec and foreign exchange trading on the EBS platform.