CME Plans Launch of Options on Bitcoin Futures in Q1 2020

CME Group announced that 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) in early 2020.

Tracks to the regulated, robust CME CF Bitcoin Reference Rate (BRR), calculated daily on trade flow of major bitcoin exchanges and trading platforms.

Key Features are:

Settles into actively traded CME Bitcoin futures (BTC)

Offers BTC traders potential to save on margins, through margin offsets

Mitigates risk of counterparty default through central clearing

Expands your choices for managing risk and building strategies

The launch is pending regulatory approval.