Derivatives exchange giant CME Group has announced that it will launch bitcoin options contracts in Q1 2020.
The Block reported the news earlier this month that CME is going to add another bitcoin product to its marketplace. The exchange has today announced that the options product is pending regulatory review.
"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, global head of equity index and alternative investment products at CME.
Tim added: "These new products are designed to help institutions and professional traders to manage spot market bitcoin exposure, as well as hedge Bitcoin futures positions in a regulated exchange environment."
CME currently offers bitcoin futures contracts, having launched the product in 2017. Since the launch, nearly 7,000 CME Bitcoin futures contracts (equivalent to about 35,000 bitcoin) have traded on average each day, the exchange said today, adding that over 3,300 individual accounts have traded the product since inception.
The Block Research was commissioned by Algorand to create Layer-1 Platforms: A Framework for comparison, which provides a “look under the hood” at seven platforms: Algorand, Avalanche, Binance Smart Chain, Cosmos, Ethereum/Ethereum 2.0, Polkadot, and Solana.
We assess their technical design, related ecosystem data, and qualitative factors such as key ecosystem members to get an understanding of how they differ. Having done this analysis, we draw some insights for what the future of the broader smart contract landscape could look like for years to come.