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So long, cryptos: CME Group plans bitcoin futures
Presumably governments and central banks will get volume trading discounts from CME Group on the new futures contracts as they do with the current ones:
http://www.gata.org/node/14385
http://www.gata.org/node/14411
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CME Plans to Launch Bitcoin Futures by Year-End
By Evelyn Cheng
CNBC, New York
Tuesday, October 31, 2017
CME announced today that it plans to launch bitcoin futures in the fourth quarter of the year, pending regulatory review.
"Given increasing client interest in the evolving cryptocurrency markets, we have decided to introduce a bitcoin futures contract," Terry Duffy, CME Group chairman and chief executive officer, said in a statement:
http://www.cmegroup.com/media-room/press-releases/2017/10/31/cme_group_a...
In Augus, the Chicago Board Options Exchange, the largest U.S. options exchange, said its CBOE Futures Exchange plans to offer cash-settled bitcoin futures in the fourth quarter of this year or in early 2018, pending review from the U.S. Commodity Futures Trading Commission. ...
... For the remainder of the report:
https://www.cnbc.com/2017/10/31/cme-plans-to-launch-bitcoin-futures-by-y...
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