
Cryptocurrencies
CME Traders Favor Cash-Settled Bitcoin Products
Tim McCourt, the global head of equity index and alternative investment products at the Chicago Mercantile Exchange (CME), has indicated that traders show a clear preference for cash-settled trading over products linked to physical Bitcoin (BTC).
In an email interview, McCourt shared that clients have consistently prioritized a cash-settled product, which influenced CME’s decision to launch its cash-settled Bitcoin futures trading product in 2017.
The insight highlights a growing trend among traders who favor the convenience and efficiency of cash-settled options in the cryptocurrency market.