Today the CME Group announced it is launching Bitcoin options trading in early 2020, subject to regulatory approval. The derivatives marketplace has offered Bitcoin futures since December 2017.
The announcement timing is interesting as the CME has a new competitor in
Bakkt, formed by NYSE owner ICE. Bakkt is about to release Bitcoin futures which settle by physical delivery of Bitcoin, as opposed to the CME’s cash settlement. Bakkt’s futures launch this Sunday, September 22nd.
“Based on increasing client demand and robust growth in our Bitcoin futures markets, we believe the launch of options will provide our clients with additional flexibility to trade and hedge their bitcoin price risk,” said Tim McCourt, CME Group Global Head of Equity Index and Alternative Investment Products.
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