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CME Traders Prefer Cash-Settled Bitcoin Products

Published 05/19/2020, 05:16 PM
Updated 05/19/2020, 07:00 PM
CME Traders Prefer Cash-Settled Bitcoin Products

Chicago Mercantile Exchange's, or CME, global head of equity index and alternative investment products, Tim McCourt, said traders prefer cash-settled Bitcoin trading over products backed by physical Bitcoin (BTC).

"So far, clients have expressed a clear preference and priority for a cash-settled product," McCourt told Cointelegraph in an email when asked why the CME chose to go the cash-settled route for its Bitcoin futures trading product back in 2017.

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