- CME Group will launch bitcoin futures in the fourth quarter.
- Bitcoin will trade in $25 ticks and have a daily range of no more than 20% above or below the prior settlement price.
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We just got a glimpse of how bitcoin futures will work
CME Group, one of the largest exchange groups in the world, announced last week it will roll out a bitcoin futures contract in the fourth quarter.
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CME Group, one of the largest exchange groups in the world, announced last week it will roll out a bitcoin futures contract in the fourth quarter.
The announcement has generated a lot of buzz on Wall Street, and sparked a big rally in the cryptocurrency. Bitcoin climbed from $6,100 on October 30 (the day before the announcement) to more than $7,000 on November 7.
As futures get ready for trading, CME this week sent out a note setting out how the bitcoin futures will work. Here's what you need to know:
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- Bitcoin Reference Rate
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