There’s a row brewing over the launch of bitcoin futures

December 7, 2017
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CME Group and CBOE set to launch bitcoin futures later this month.
Futures Industry Association (FIA) complains that there hasn’t been proper industry consultation on the launch.
Clearinghouses that will guarantee futures are worried they will carry all of the risks, FIA says.
Bitcoin’s price regularly moves 10% in a day, meaning exposure is not trivial.

LONDON — The trade body of the futures, options, and derivatives markets is concerned that not enough thought has gone into the potential risks posed by the introduction of bitcoin futures contracts.

CME Group, the world’s biggest exchange operator, announced plans to launch bitcoin futures contracts in …read more

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