Exchange giant CME's bitcoin futures get tepid take-up in debut


  • TECH
  • Tuesday, 19 Dec 2017

The CME and CBOE futures' requirements make them unattractive to many cryptocurrency traders.

NEW YORK/LONDON/SYDNEY:  Bitcoin futures got a muted reception after their debut on CME Group late on Sunday, with volumes in the tens of millions of dollars in the first 12 hours of trading, as warnings about the risks of bitcoin sounded ever louder. 

The launch of futures by the world's biggest derivatives exchange operator, and by its rival Chicago-based exchange CBOE Global Markets a week earlier, had been hailed by many as the moment that bitcoin reached the investment mainstream.

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