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Yesterday a news of importance fell. The institutional CME Group has added futures on Bitcoin. Futures contracts, also called "futures" are derivatives typical of traditional finance. This is a new step forward for Bitcoin, and not least. A good way to celebrate its 9 years of existence.

Who is CME Group?

There were previously 2 US futures exchanges, the Chicago Board of Trade (CBOT) and the Chicago Mercantile Exchange (CME). CBOT and CME were originally used to exchange raw materials, such as eggs, butter, onions, then pig carcasses and precious metals. The exchanges progressed, moved to the currency market in 1972 and then 10 years later launched a derivative of the index of the S & P 500, an index bringing together the 500 largest capitalisations of US companies.

CME Group is the result of the merger of these two marketplaces that took place in 2007. It is the first stock market in the world in terms of transactions processed, with a capitalization of 30 billion US dollars. Starensen via Bitcoin.fr commented:

"The WEC annually manages the exchange of derivatives representing $ 1,000 trillion. Yes, trillions! This access is not done overnight and requires many prerequisites that Bitcoin seems to have finally reached. "

To give an idea of ​​the volume of exchange, 1 trillion being 1 billion, then 1000 trillion exchange volume represents 1000 billion US dollars!
CME Group today describes itself as the marketplace that "offers the widest range of financial products globally in all major asset classes, including futures and options based on foreign exchange rates." interest, stock indexes, currencies, energy, agricultural products and metals. CME Group provides global electronic trading services on its platform, CME Globex. The Company also offers clearing and settlement services in all asset classes for exchange-traded and unlisted derivatives through CME Clearing. "

CME Group to launch "futures" on Bitcoin in Q4 2017

The news was announced in a press release relayed on Twitter:https://twitter.com/CMEGroup/status/925355180874522624/photo/1

Warning, it is indeed a derivative that will allow a population of institutional traders to position themselves on Bitcoin. By buying a futures contract - a "future" - they do not buy bitcoins directly. Bitcoins will be an asset called "underlying" the contract. What traders will buy are futures.

Marginalized by its history, this announcement tends to show that as time passes, more Bitcoin is led to enter traditional finance as an asset all that is classic