Report: CME Group to Face off With FTX After Filing for Futures Commission Merchant Status

According to a recent report, the world’s largest derivatives exchange CME Group is looking to register as a direct futures commission merchant (FCM). CME Group’s decision follows the digital currency exchange FTX, as the crypto company applied to become a derivative clearing organization and awaits approval from the U.S. Commodity Futures Trading Commission (CFTC). If … Read more

Bitcoin Futures Update: Bakkt Testing, CME Breaks Records, and a $100K Call Option

Over the last few months, the interest surrounding cryptocurrency derivatives products has been growing fast. For some time now, open interest in CME’s bitcoin futures has been breaking records. Bakkt’s futures platform began testing contracts on Monday and the company says there are participants from all around the world. Elsewhere, bitcoin derivatives provider Ledgerx is … Read more

CME’s Bitcoin Futures Hit New Records

Ever since the Chicago Board Options Exchange (Cboe) announced it was ending its bitcoin futures products back in March, the Chicago Mercantile Exchange (CME Group) has seen a huge influx of bitcoin derivatives volumes. During the second week of May, CME’s bitcoin futures touched a milestone when it surpassed 33,000 contracts ($1.3 billion notional value) … Read more

A Ledger X Bitcoin Contract is Still Pegged for $50K Amid This Week’s Price Decline

Bitcoin’s price has been in a slump this week after reaching record highs in the USD $19K territory. Since then the price has drifted into the $13K, region losing $6,000 in gains this week. Although the price has seen better days, an unknown trader utilizing the Ledger X options market purchased a contract that predicts … Read more