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CME Bitcoin Options

2020.06.12

In the past, the Bitcoin derivatives market has had varying effects on the BTC spot price. The bull run to the all-time high of USD 20,000 in the run-up to the launch of the first regulated, cash settled Bitcoin futures on the CME is unforgettable. However, many investors will also remember the massive drop in prices following the release of the CME Bitcoin Futures and the subsequent protracted bear market.

The Chicago Mercantile Exchange (CME) launched its highly anticipated Bitcoin options on the BTC futures yesterday, Monday. The launch could hardly have been more successful. The largest competitor Bakkt was already put in its place on day one.While the reported volume of the CME on its Bitcoin options was already USD 2.19 million on the first day。

The successful launch of Bitcoin options at the CME reflects the currently strongly increasing interest in Bitcoin derivatives. Last week, daily volume rose to over $90 million, with Deribit currently by far the most popular exchange for BTC options. Currently, Deribit accounts for over 80% of the total volume.Non-institutional traders still seem to prefer unregulated exchanges like Deribit and OKex over regulated exchanges like the CME and Bakkt. But the interest of institutional traders also seems to be growing. In a note on Friday, Nikolaos Panigirtzoglou, JPMorgan’s managing director for global market strategy, explained that institutional investors are preparing for the introduction of BTC options on the CME.

作者 : Jake Simmons