27 November 2017
According to the Financial Times, 31st October 2017, the Chicago Mercantile Exchange (CME) is expected to offer cash-settled futures contracts on Bitcoin by the end of 2017. CME, the world’s largest exchange by market value, has offered futures contracts on agricultural products, metals, energy, equity indexes, foreign exchange rates, interest rates, real estate, and even weather. With the increasing popularity of cryptocurrencies, the CME has finally decided to enter into the unregulated digital asset market. Futures contracts on Bitcoin may help investors to either hedge or speculate on the future price of Bitcoin. Because almost all futures contracts are cash-settled in CME, traders do not need to actually deliver Bitcoin.