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within Intellectual Property, International Law, Litigation and Mediation & Arbitration topic(s)
The CME Group ("CME") will make available for trading options on
Bitcoin futures contracts beginning on January 13, 2020, pending
regulatory review.
As support for the decision, CME said that the Bitcoin futures
market has grown significantly since its launch in December 2017.
Specifically, CME noted that:
there is an average daily volume of
6,500 Bitcoin futures contracts in 2019 (worth approximately 32,500
Bitcoin);
there have been 22 successful Bitcoin
futures expiration settlements;
there is currently trading in 3,500
individual accounts; and
47 percent of the Bitcoin trading
volume takes place outside the United States.
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