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CME Group is sharing details on bitcoin options that could signal an ‘imminent’ product launch

by Frank Chaparro

September 4, 2019, 1:51PM EDT  ·  3 min read

Quick Take

  • CME Group appears to be gearing up to add a new bitcoin product to its marketplace
  • According to documents obtained by The Block, the exchange is sharing contract specifications for a bitcoin option
  • Sources say launch could come this year

by Frank Chaparro

September 4, 2019, 1:51PM EDT  ·  3 min read

CME Group, the Chicago-based exchange giant, is gearing up to add another product to its family of bitcoin derivatives, according to sources familiar with the situation. 

The firm has shared with market-making firms the specifications of a new bitcoin options contract, per documents reviewed by The Block. CME is known for being one of the first regulated exchanges in the U.S.