The world's leading and most diverse derivatives marketplace, CME Group to Launch Bitcoin Options in Q1 2020

The Chicago Mercantile Exchange (CME) Group, the world's leading, and most diverse derivatives marketplace announced that it will add options to its Bitcoin (BTC) futures contracts in the first quarter of 2020, 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, CME Group Global Head of Equity Index and Alternative Investment Products. "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."



According to CME, the launch is aimed to provide clients with “additional tools for precision hedging and trading.”


The firm detailed that, since the 2017 launch, it has seen 20 “successful” futures expiration settlements, with over 3,300 individual accounts trading the contracts.

Close to 7,000 CME bitcoin futures contracts are traded on average each day, the firm added.

For clients hedging or trading benchmark options on futures across diverse asset classes, CME Group notes that it has seen an average daily volume of 4.3 million in 2019.

Therefore, CME Group is the only derivatives marketplace where customers can hedge or trade benchmark options on futures across every investable asset class, with average daily volume of 4.3 million in 2019 to date.

By launching Bitcoin options, the company is providing clients with additional tools for precision hedging and trading.

Meanwhile, institutional interest in CME Bitcoin futures peaked in early summer 2019, with a record 56 large open interest holders reported in July.

As the world's leading and most diverse derivatives marketplace, CME Group enables clients to trade futures, options, cash, and OTC markets, optimize portfolios, and analyze data–empowering market participants worldwide to efficiently manage risk and capture opportunities. 


CME Group exchanges offer the widest range of global benchmark products across all major asset classes based on interest rates, equity indexes, foreign exchange, energy, agricultural products, and metals. 

The company offers futures and options on futures trading through the CME Globlex® platform, fixed income trading via BrokerTec and foreign exchange trading on the EBS platform. 

In addition, it operates one of the world's leading central counterparty clearing providers, CME Clearing. 

With a range of pre- and post-trade products and services underpinning the entire life-cycle of a trade, CME Group also offers optimization and reconciliation services through TriOptima, and trade processing services through Traiana.

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