The Chicago Mercantile Exchange (CME) expects Bitcoin options to be popular among Asian crypto traders and miners.
The exchange hopes that the options that the exchange plans to launch early next year ‚will be as popular as the bitcoin futures, which cause the greatest interest (more than 50% of the trading volume) from Asian traders. This was announced by Tim McCourt, head of alternative investment products CME in an interview for the South China Morning Post.
“While futures work on a one-to-one basis, as a result of which the movement of the underlying asset of Bitcoin is directly translated into a specific dollar value of the contract, the option gives you different levels of the exercise price and can give you either protection against falling or increasing the underlying asset prices”said McCourt.
CME launched Bitcoin futures in December 2017, and since the launch on the exchange, an average of about 7,000 settlement futures contracts have been traded on an average daily (equivalent to 35,000 BTC).
On the Bakkt crypto currency platform, which offers deliverable futures contracts, the trading volume today reached 224 BTC. CME has no plans to launch deliverable futures.
Çikagonyň haryt biržasy (CME) bitkoiniň opsionlarynyň Aziýanyň kriptotreýderleriniň we maýnerleriniň arasynda giňden ýaýramagyna garaşýar. Birža indiki ýylyň başynda girizilmegi meýilleşdirilýän opsionlarynyň hem Aziýanyň treýderleriniň arasynda uly gyzyklanma döredýän bitkoin-fýuçersler ýaly uly islege eýe boljagyna ynam bildirýär. «Häzirki wagtda fýuçersleriň söwdalarynyň alnyp barylýan wagty esasy aktiwiň, ýagny bitkoiniň söwdasynyň netijesi, kontraktyň gönüden-göni bahasyna dessine geçirilýär. Opsion bahalaryň dürli derejesine kepil, bazalaýyn aktiwiň bahasynyň pese düşmeginden ýa-da ýokary galmagyndan gorag bolýar» diýip, «CME»-niň alternatiw maýa goýum önümleriniň ýolbaşçysy Tim Makort aýdýar. Biržada günde ortaça 7000 hasaplaşyk fýuçers kontraktlarynyň söwdalary geçýär. «Bakkt»-yň fýuçerslerini hödürleýän kriptowalýuta platformasynda söwdalaryň derejesi 224 WTS-e ýetdi. «CME» fýuçerslerini goýbermegi meýilleşdirmeýär.
The Intercontinental Exchange, the operator of the New York Stock Exchange and the creator of the Bakkt crypto platform, plans to launch additional derivatives linked to the Bitcoin market, writes The Block, citing sources familiar with the company's roadmap.
Bakkt opened supplying bitcoin futures in September and is now planning to add leading crypto currency options to its product line, they say. The company hopes that it will succeed in doing this sooner than the Chicago Mercantile Exchange (CME), which recently confirmed that it expects to introduce bitcoin options to the market in the first quarter of 2020. One source claims that Bakkt has been fueling interest in its future product for several weeks.
Earlier, the head of alternative investments CMET McCourt said that his company expects to attract the attention of miners and traders in Asia to the new crypto currency product. Bakkt, for its part, recently recorded a maximum turnover of bitcoin futures in one day.
Also, regulated futures on Ethereum may soon appear on the US market, as evidenced by the statement of the new head of the US Commodity Futures Trading Commission (CFTC).
The chairman of the Commodity Futures Trading Commission (CFTC) Heath Tarbert believes that digital currency broadcast should be classified as a commodity. The official expressed this point of view at the All Market summit in New York, organized by Yahoo Finance.
According to the head of CFTC, over the next 12 months, most likely, air futures will be launched by analogy with BTC.
In December last year, the Commodity Futures Trading Commission appealed to the expert community to tell her about broadcast technology and the features of block chain-based transactions.
Tarbert admitted that Bitcoin futures were launched very successfully, which is why after the Chicago Mercantile Exchange (CME) other platforms, for example, Bakkt, began to offer a similar product. Despite the unsuccessful start of trading on this site, overall institutional interest in the first crypto currency remains high, as evidenced by the latest trading data with Bakkt.
The head of the CFTC is confident that ETH futures will also be in demand among major players, and many exchanges have already begun to consider the mechanisms for launching such a product.
Crypto currency exchange Binance has launched a platform for stacking digital assets. The head of the exchange, Changpeng Zhao, said that this is a way to earn "literally doing nothing."
We already wrote that Binance implemented the stacking of Algorand and Steller tokens on its main platform, now the service has been separated into a separate platform. NEO, Ontology ‚Vechain, Komodo, Qtum and Stratis will also join these tokens.
Recall that crypto currency stacking is an alternative mining method that is used to mine tokens working on a proof-of-stake consensus mechanism. The user blocks part of the tokens on his wallet, allowing them to participate in the validation mechanism.
The amount of reward for stacking depends on the size of the frozen part of the tokens and the rules of a particular cryptocurrency. This implies the main problem of this mining method – for profitable stacking it is required that a large number of tokens are stored in the wallet.
In order to increase the efficiency of PoS mining, the cryptocurrency community began to create joint pools that allow users to collect the necessary stack.
The stacking structure of Binance does not introduce anything fundamentally new. The received reward is credited to the main exchange wallet of the client. Information about the minimum deposit requirement and potential rewards is clearly presented on the website of the lagform.
Binance also announced that from October 1st it will change the methods for calculating stacking rewards to more accurately distribute them. The result of stacking per day will be calculated based on the user's share in the total pool. To do this, registration of user account balances will be carried out every hour - before, the balance was monitored once a day.
Earlier, the launch of the crypto currency stacking platform was announced by the KuCoin exchange and the Trust Wallet crypto currency wallet, owned by Binance. The platform, called Pool-X, will allow customers to withdraw tokens frozen for stacking at any time without sacrificing the size of the rewards. This opportunity is realized through liquidity certificates that reflect ownership of a certain number of tokens in the pool and can be traded between users.