McCourt said he expects bitcoin options will enable miners of the cryptocurrency to more effectively hedge the cost of their production. Photo: Reuters
Exchange provider CME Group expects bitcoin options to be a hit with Asian cryptocurrency traders, miners
- Slated for launch in the first quarter 2020, the new bitcoin options should prove as popular as futures contracts, says CME Group’s Tim McCourt
- Bitcoin price has more than doubled this year, having plunged 40 per cent from a peak in June; options could help hedge against volatility
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Bitcoin
McCourt said he expects bitcoin options will enable miners of the cryptocurrency to more effectively hedge the cost of their production. Photo: Reuters