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CME's Futures Options Sprinted Out of the Gate but a Marathon Lies Ahead

Published 01/20/2020, 09:00 PM
Updated 01/20/2020, 11:02 PM
CME's Futures Options Sprinted Out of the Gate but a Marathon Lies Ahead

In the two years since it launched cash-settled Bitcoin futures, CME has firmly established itself as a leader in the regulated crypto derivatives space despite not always being the first to market. In December 2017, it launched regulated Bitcoin futures a week after rival exchange CBOE. However, it only took 15 months for CBOE to completely withdraw from the market. By August, CME had announced record highs for Bitcoin futures trading.

Most recently, Bakkt came into the market ahead of CME with its regulated options on Bitcoin futures. However, after successfully launching its own options contracts on Jan. 13, it seems that the Chicago-based CME is once again emerging at the top of its game.

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