The Chicago Mercantile Exchange (CME) Group today launched the highly anticipated Bitcoin futures options trading. The event was accompanied by an optimistic mood. Trades in contracts valid until January 18 opened with a price above $ 20,000.
Months after the Chicago Derivatives Exchange dealer first announced plans for a targeted Bitcoin offering, the contracts kicked off at 6:00 p.m. ET. At that time, the opening price for the January contract was $ 20,650, $ 1150 higher than the CME’s best price ($ 19,500).
More than 200 contracts sold per hour, according to CME, expiring in January 2018.
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According to the dealer’s website, one February contract and one March contract have been sold, as well as two contracts that will expire in June 2018. Currently, the value of each of the last three contracts exceeds $ 20,000.
It is worth noting that since the opening of trading, the prices of Bitcoin futures contracts continue to exceed the rate of Bitcoin itself, which was $ 19,400 at the time of the opening of trading in Bitcoin futures, according to Bitcoin quotes on CoinDesk.
Along with the launch of Bitcoin futures by the Chicago Board Options Exchange last week, last week saw the launch of an assortment of futures to attract corporate investors. In addition, other investment giants, including US stock exchange Nasdaq and financial firm Cantor Fitzgerald, are planning to launch their own Bitcoin-powered products in 2018..
The launch of the Chicago Mercantile Exchange Group’s futures options also signals market fatigue. The start of trading in futures by the Chicago Options Exchange was accompanied by a short crash on the exchange’s website due to congested traffic. The CME website works stably after the opening of the auction. Also, after the first hour of trading, the bitcoin rate went down, reaching $ 18,424.
Photo: Kevin Dickert / Flickr,