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 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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