Man Group may launch Bitcoin futures trading

This is said by the Luke Ellis, CEO of Man Group to Reuters
15 November 2017   2185

Man Group is the  world’s largest publicly traded hedge fund, with $103.5 billion under their control. Man Group is a London based firm with 1,250 employees and 2016 revenue of $827 million. If it will start Bitcoin futures trading, it will be big step for Bitcoin and blockchain. 

Luke Ellis, CEO of Man Group told Reuters:

Conceptually digital currencies are an interesting thing. It’s not part of our investment universe today – it could be. If there is a CME future on bitcoin, it would be. There is a big difference between a digital currency and a traditional currency...Traditional ones are supported by governments who have armies and tax men that can make people follow their rules, and digital ones don‘t. But that doesn’t invalidate digital currencies at all. You’ve got a few countries where there is a real problem about getting paid your money back - like Venezuela and Lebanon. There are high yields but not if you’re not going to get your money back, and (then) there’s a whole bunch of countries that trade with sort of no premium. Is transparency about what’s going on in small and mid-cap stocks going to get materially worse? Yes. Is it going to create some what are inherently false markets which will hurt some inexperienced investors? Yes.
 

Luke Ellis

CEO, Man Group

It is worth reminding that abovementioned CME Group reported on the start of Bitcoin futures trading in December. It doesn't seems possible that Man Group will launch BTC futures trading to that date too, but, we can see that institutional investors are very interested in Bitcoin.

Bakkt to Unveil Bitcoin Futures Test Date

Along with date announcement, COO Bakkt believes the platform will attract institutional investors and set new standards for the cryptocurrency market
14 June 2019   249

The Bakkt cryptocurrency platform has named the exact start date for testing Bitcoin futures. The first users will be allowed to test the tool on July 22.

According to Bakkt's Operations Director, Adam White, the platform will attract institutional investors and set new standards for the cryptocurrency market.

White pointed out that the wider distribution of cryptocurrencies, in particular, is hampered by unreliable pricing mechanisms and the likelihood of instantly falling rates.

Along with these problem-solving solutions that are new to digital asset markets, Bakkt also brings all the other features that institutions would expect in a versatile and broadly accessible market, including: block trades; a fee holiday through the end of the year to encourage trading; market maker incentive programs to encourage liquid markets; and integrations with ISVs and regulated brokerage platforms.
 

Adam White

COO, Bakkt

At Bakkt, two futures contracts will be presented - with daily and monthly settlements. Risk management and the securing mechanism for these contracts will meet the standards of the traditional derivatives market.