Chicago Mercantile Exchange Plans to Launch Bitcoin Options
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CME Group is preparing to add a new product to its marketplace, The Block reported yesterday citing several sources.

According to the publication, the platform has shared some details about its new bitcoin options. Just like futures, CME's bitcoin options will be calculated in fiat money and not in crypto. One of the sources said:

"I believe the launch is inevitable at this point."

CME launched bitcoin futures trading at the end of 2017. The estimated nominal volume of open positions surged from less than $100M in January 2018 to more than $200M in August.

Ihodl has recently reported that Binance, the world's largest cryptocurrency exchange by adjusted trading volume, might launch its own bitcoin options after the acquisition of derivatives platform JEX.

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