CME Group To Begin Trading Bitcoin Futures

[MBi]

CME group, the world's leading exchange for options and futures trading, will begin trading Bitcoin futures later this quarter by way of a cash-settled contracts based on its CME CF Bitcoin Reference Rate (BRR).

CME works with Crypto Facilities, to publish the BRR as well as a Real Time Index (BRTI). Ripple announced in February 2016 they were working with Crypto Facilities to create a marketplace for XRP derivatives.  

A CME published XRP index and futures trading could be in the not too distant future. 

https://www.forbes.com/sites/antoinegara/2017/10/31/move-over-pork-bellies-exchange-giant-cme-group-to-begin-trading-bitcoin-futures#4ff219ff779a

 

Edited October 31, 2017 by MBi

[Guest]

we were speaking about this in the chatbox earlier

this is big news, and the regulatory environment is almost set, so time for big money to enter the space

exciting times! also note that Crypto Facilities already listed XRP futures

[elias]

3 hours ago, MBi said:

CME group, the world's leading exchange for options and futures trading, will begin trading Bitcoin futures later this quarter by way of a cash-settled contracts based on its CME CF Bitcoin Reference Rate (BRR).

CME works with Crypto Facilities, to publish the BRR as well as a Real Time Index (BRTI). Ripple announced in February 2016 they were working with Crypto Facilities to create a marketplace for XRP derivatives.  

A CME published XRP index and futures trading could be in the not too distant future. 

https://www.forbes.com/sites/antoinegara/2017/10/31/move-over-pork-bellies-exchange-giant-cme-group-to-begin-trading-bitcoin-futures#4ff219ff779a

 

If Ripple have been working with Crypto Facilities to create a marketplace for XRP derivatives since February 2016, it is strange that nothing has materialized yet.

edit: Sorry, zerpdigger mentioned that they already listed XRP futures. Maybe there is just not much demand. Can we expect FI money arriving in 2018 to continue ignoring XRP in a similar manner, even though the means to trade it are available?

Edited November 1, 2017 by elias

[Rchopra]

4 hours ago, MBi said:

CME group, the world's leading exchange for options and futures trading, will begin trading Bitcoin futures later this quarter by way of a cash-settled contracts based on its CME CF Bitcoin Reference Rate (BRR).

CME works with Crypto Facilities, to publish the BRR as well as a Real Time Index (BRTI). Ripple announced in February 2016 they were working with Crypto Facilities to create a marketplace for XRP derivatives.  

A CME published XRP index and futures trading could be in the not too distant future. 

https://www.forbes.com/sites/antoinegara/2017/10/31/move-over-pork-bellies-exchange-giant-cme-group-to-begin-trading-bitcoin-futures#4ff219ff779a

 

Big news. I think it should be followed by eth and  xrp soon. Because once they make rules for one crypto the same should be applicable for others too. May be within few months after btc launch. Next  few months seem exciting bcz Sbi should list xrp around then as well so it will ve a huge add up in  xrp customer base.