CME Looks to Launch Options Trading on Bitcoin Futures in 2020

CME Looks to Launch Options Trading on Bitcoin Futures in 2020

Posted On September 24, 2019 2:47 pm

It was in November 2017 when the CME Group Inc. – (CME – Get Rating) Group (CME) launched futures contracts on Bitcoin for trading. Now, two years later the exchange announced list options on Bitcoin to begin trading in January 2020. For some this was a long time coming, for others, it’s a sign that Bitcoin still a bubble waiting to burst.

At the time of the futures launched it was supposed to create a new level of legitimacy for the cryptocurrency but instead seemed to be a classic case of “ringing the bell” at the top.

Indeed, on the… Continue reading at StockNews.com

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Steve Smith

Steve Smith have been involved in all facets of the investment industry in a variety of roles ranging from speculator, educator, manager and advisor. This has taken him from the trading floors of Chicago to hedge funds on Wall Street to the world online. From 1987 to 1996, he served as a market maker at the Chicago Board of Options Exchange (CBOE) and Chicago Board of Trade (CBOT). From 1997 to 2007, he was a Senior Columnist and Managing Editor for TheStreet.com, handling their Option Alert and Short Report newsletters. The Option Alert was awarded the MIN “best business newsletter” in 2006. From 2009 to 2013, Smith was a Senior Columnist and Managing Editor for Minyanville’s OptionSmith newsletter, as well as a Risk Manager Consultant for New Vernon Capital LLC. Smith acted as an advisor to build models and option strategies to reduce portfolio exposure and enhance returns for the four main funds. Since 2015, he has worked for Adam Mesh Trading Group. There, he has managed Options360 and Earning 360, been co-leader of Option Academy, and contributed to The Option Specialist website.

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