CME Rival Cboe Suggests its Coming Futures Market Would Include Bitcoin Cash
Bitcoin Cash (BCH) only months old is being floated as a possible addition to a futures offering family by Cboe Global Markets (Cboe). Cboe is looking to differentiate itself from a growing chorus of rivals as it prepares to launch futures contracts by year’s end. Bitcoin Cash Could be Family December 2017 began with a giant announcement . Release pr7654-17 from the Commodity Futures Trading Commission (CFTC), titled CFTC Statement on Self-Certification of Bitcoin Products by CME, CFE and Cantor Exchange , began, “Today, the Chicago Mercantile Exchange Inc. (CME) and the CBOE Futures Exchange (CFE) self-certified new contracts for bitcoin futures products.” In financial-speak that means legacy institutions are cleared to enter the cryptocurrency ecosystem. Classic bureaucrat understatement reminded the public of the regulator’s burden: “Bitcoin, a virtual currency, is a commodity unlike any the Commission has dealt with in the past,” the...