Managing Director of CME Group: Bitcoin options products are a "new chapter" in the options contract market and are optimistic about the new year

The CME options market launched earlier this week, which is a major milestone for the group and the crypto space. Tim McCourt, managing director of CME Group, wrote in a blog post that the beginning of 2020 "the Chicago Mercantile Exchange futures are highly involved." He further stated that since the beginning of the year, the number of open positions held by traders has also increased to more than 5,000. We are optimistic about the new year and optimistic about the opportunities it will bring to our customers, traders and industry partners. Tim McCourt further claims that this new product is a "new chapter" in the options contract market, and the company is happy to provide more leeway in trading Bitcoin and hedging Bitcoin on regulated platforms.