Bitcoin Options coming in Q1 2020

The Derivatives marketplace CME is preparing to bring another trading option for the premier digital asset

It just seems that Cryptos can’t decide which price direction to take. While the earlier rally was mostly driven by Bitcoin, lately the premier digital coin has been squeezed into a really tight range which it has been holding for the past two weeks. Alt. coins, on the other hand, which have lagged Bitcoin in the gains & beaten it in losses are finally beginning to show some lease of life.

Bitcoin ETF had been stealing the limelight as the regulators struggled to come around the idea. The U.S SEC especially had delayed the decision twice this year before the VanEck and SolidX Bitcoin ETF proposal was withdrawn a few days ago. For some, this might be a setback, I think the traders had already realized that it is not going to be approved any time soon. That’s why the decision to withdraw the ETF proposal didn’t draw many reactions from the market.

Despite the news, the Crypto adoption in tradeable markets continues to march forward. The biggest example is the CME (Chicago Mercantile Exchange) led Bitcoin futures product which was launched in Dec. 2017. The Bitcoin Futures volume peaked earlier this summer with the bull run (chart below). Although the market has…