The Chicago Mercantile Exchange (CME) Group will launch options on bitcoin (EXANTE: Bitcoin) futures on January 13, 2020, the global markets company has announced in an official statement.
The company claims it decided to offer bitcoin futures due to growing interest in cryptocurrencies and customer demand.
"In response to growing interest in cryptocurrencies and customer demand for tools to manage bitcoin exposure, CME Group will launch options on Bitcoin futures (BTC) on January 13, 2020," the company noted.
The CME Group states the minimum block will consist of 5 contracts (1 bitcoin futures contract represents 5 BTC).
Earlier iHodl reported that the average bitcoin futures exchange rate on the CME dropped below $8,300, after which it returned to around $9,300.
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