Home Tags CME Group
Tag: CME Group
The SEC just rejected 9 bitcoin ETF applications, citing manipulation fears — but bitcoin is actually rising
Late on Wednesday, the SEC rejected an application for two products from ProShares, two from GraniteShares, and five other proposals from Direxion. It means the world is still waiting for its first fully regulated bitcoin ETF product.
The Fundstrat cofounder Tom Lee said in his report that there was "significant volatility" in bitcoin's price around the expiration date of CME Group and Cboe futures contracts.
Exchange giant CME has approached $2.5 billion electronic trading firm NEX Group about an acquisition
CME Group, the Chicago-based derivatives trading giant, has approached UK trading technology firm NEX Group over a potential acquisition.
Grey Dwyer, BitMEX head of business development, talks with Business Insider about how futures contracts are going to impact the bitcoin community.
The Futures Industry Association says clearinghouses are worried they will be most at risk to bitcoin's big price swings and weren't consulted on the launch.
‘Ominous signs’: A senior economist at an exchange about to launch bitcoin futures thinks a crash could be on the way
Fluctuating costs of transaction fees appear to play "a major role in determining price corrections," according to the CME Group.
JPMorgan says new bitcoin futures contracts could "elevate cryptocurrencies to an emerging asset class."
The price of bitcoin is now more than $10,500 on Friday after futures contracts were given the green light by US regulators.
CME Group, one of the largest exchange groups in the world, announced last week it will roll out a bitcoin futures contract in the fourth quarter.
CME, the exchange group, is preparing to launch a bitcoin futures product by the second week of December.