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.
— Power Lunch (@PowerLunch) 13 ноября 2017 г.
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.