CME Group unveiled Bitcoin futures trading launch date

The CME Group will start Bitcoin futures trading on the second week of December
14 November   531

The earlier announced bitcoin futures trading by CME Group will occur during the second week of December 2017. The head of the company Terry Duffy said this on Monday in the "Power Lunch" show on CNBC.

Terry Duffy said that they want to give other people a place where they could plan risk of Bitcoin. According to him, today it is impossible to make short sales of bitcoin, so there is only one way: either you buy it or sell it to someone else. This creates a two-way market, and it is always more efficient. The Bitcoin futures trading will be launched on the 2nd week of December.

About the plans to launch trading in futures for Bitcoin, the leading stock exchange of financial derivatives CME Group reported on October 31. The new contracts will be launched on a cash settlement basis and will be based on the CME CF Bitcoin Reference Rate (BRR) - the reference rate of bitcoin against the US dollar compiled by the CME Group on Bitstamp, GDAX, itBit and Kraken.

Largest Nordic Bank Bans Employees' Bitcoin Trade

Employees who currently own cryptocurrencies will not be forced to sell them, but they will not be allowed to buy more
23 January   179

Nordea, the Nordic region’s biggest bank, said Monday it will ban its roughly 31,000 employees from trading cryptocurrencies as of February 28 due to the unregulated nature of the market and high risks. This is reported by Reuters.

The reason why employees are prohibited from investing in cryptocurrencies is that the risks are considered too high and the protection for both employees and the bank is insufficient.

 

Nordea said in a statement

The bank added that unlike trading of securities and currencies, trade of cryptocurrencies is not regulated by any authority, and as such investors who buy cryptocurrencies have no protection against illegal business practices and money laundering.

Employees who currently own cryptocurrencies will not be forced to sell them, but they will not be allowed to buy more, bank said.

In early December, we have reported that Merrill Lynch bank banned its customers and consultants who carry out transactions on their behalf to buy bitcoin through the Grayscale Investment Trust.