Publications & Presentations
November 1, 2017
From American Banker

The derivatives exchange CME Group plans to begin offering bitcoin futures contracts by the end of 2017, a move that will put the cryptocurrency on an equal footing with other commodities such as gold and oil.

With futures, financial institutions that may have been spooked by the volatility of bitcoin and other digital assets, which often gain or lose double-digit percentages of their value in a matter of hours, would have a way to hedge their bets.

CME's planned introduction of bitcoin futures "is strong evidence that exchanges, trading firms and investment banks are prepared to trade financial products — including derivatives and [exchange-traded funds] — that are connected to digital currencies," said Rick Levin, chairman of the FinTech and Regulation team at the law firm Polsinelli.

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