The global markets company Chicago Mercantile Exchange (CME) has seen considerable demand since launching its options contracts in the wake of the firm’s bitcoin futures. On the first day of swaps, CME’s bitcoin options saw 55 contracts ($2.3 million). By the end of the week, the firm’s bitcoin options volume more than doubled with 122 contracts ($5.3 million) sold.

Also read: Bitcoin Futures Hit 3-Month High in Frenetic Tuesday Trading

CME Bitcoin Options See Steady Growth

Regulated crypto derivatives products have seen strong demand and just recently the forex marketplace CME launched options on the firm’s bitcoin futures contracts. The foreign exchange company announced its bitcoin options offering in mid-September as CME executive Tim McCourt said there was “increasing client demand” for such products. McCourt also remarked that the options would provide “clients with additional flexibility to trade and hedge their bitcoin price risk.”

Following the announcement, the ICE-owned Bakkt derivatives marketplace launched bitcoin…

Click to continue reading on its source location…