CME Group unveiled Bitcoin futures trading launch date

The CME Group will start Bitcoin futures trading on the second week of December
14 November 2017   1300

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.

SEC to Need More Info on BTC ETF

SEC is gathering more input from the public – to date, according to the agency, more than 1,400 comments have been submitted
21 September 2018   188

The US Securities and Exchange Commission (SEC) announced the beginning of a formal process for considering the application for the creation of bitcoin-ETF from the New York companies VanEck and SolidX. Nevertheless, the agency appealed to the community for more information. This is stated in the document published on the SEC website.

Institution of such proceedings is appropriate at this time in view of the legal and policy issues raised by the proposed rule change. Institution of proceedings does not indicate that the Commission has reached any conclusions with respect to any of the issues involved. Rather, as described below, the Commission seeks and encourages interested persons to provide comments on the proposed rule change.
 

The US Securities and Exchange Commission

At the moment, the SEC received about 1,400 comments.

According to the document, the Chicago Board Options Exchange (CBOE) has signed an agreement on the exchange of data on bitcoin transactions, trading and the state of the market with the cryptocurrency trading platform with Gemini.

The agency asked commentators to clarify the position of Gemini in the digital currency market and assess the likelihood of increased volatility at this site in connection with possible trades of bitcoin-ETF.

So, before September 30, the department had to decide on whether to approve, deny or initiate the proceedings. The SEC chose the latter, which is likely to delay the process until the next year.