CME Group announces the possible Bitcoin futures launch date

Terry Duffy has provided an additional information regarding his platform on which Bitcoin futures will be an available option. This platform might attract many careful fiat market players, as the CME Group chief executive previously described it as fully compliant with all related United States legislation. News about its announcement alone accelerated the growth of Bitcoin, as most experts agree, but then it paused after the SegWit2x cancellation, which is completely another story.

Now, Terry Duffy tells on CNBC’s Power Lunch that contracts connected with Bitcoin futures, as he thinks, would be added somewhere around the second week of December. CME Group is not aiming to fight the volatility of Bitcoin: instead, they want to provide people a platform where they could plan the risks better that on any other service. Of course, the corporate marketing is clearly present in these words, but this does not make this service any less promising.

It’s better to remind here that most cryptocurrency services lack consumer protection and they often do not even have to install it — bitcoins and altcoins are not regulated by any central banks. However, the obligations CME Group’s futures platform and other similar platforms take might make just the marketplaces more cautious traders always wanted.