CME Group, otherwise known as the world’s largest futures exchange, announced it has completed self-certification with the Commodity Futures Trading Commission in an effort to launch its first bitcoin futures contract on Dec. 18.
The news comes as Cboe and Cantor Exchange self-certify for bitcoin derivatives of their own.
Consequently, Bitcoin’s price has been skyrocketing as the launch of bitcoin futures will pave the way toward establishing the cryptocurrency as a legitimate asset class while launching bitcoin exchange-traded funds.
“I think it is going to enable finally the approval of bitcoin ETFs, and other digital currency ETFs, which is game changing,” Barry Silbert, founder and CEO of Digital Currency Group, said on CNBC’s “Squawk Box.”
CME says it's launching bitcoin futures on Dec. 18 https://t.co/tsh3mCWYkx
— CNBC (@CNBC) December 1, 2017