CME Group Announces Launch of Bitcoin Options on January 13, 2020

According to official website news, CME will launch Bitcoin options on January 13, 2020. According to previous news, CME announced on October 31 that it will launch bitcoin options in the first quarter of 2020. According to CME, each option contract will be based on a bitcoin futures contract (which consists of five more bitcoins); the contract will be quoted in US dollars with a minimum quoted unit of $25 (the minimum quoted unit is $5) The transaction will start from 5:00 pm ET on Sunday, and end at 4:00 pm Central Friday. In addition, the Bitcoin option will be settled as a futures contract at the end of the transaction.