From Tyler Durden: As the mainstream continues to embrace cryptocurrencies — much to the chagrin of Jamie Dimon et al. in the establishment — CME Group is “responding to client interest” and launching a Bitcoin Futures contract in Q4.
CME Group says new contract will be cash-settled, based on the CME CF Bitcoin Reference Rate (BRR) which serves as a once-a-day reference rate of the U.S. dollar price of bitcoin.