sure. Other intangibles In addition, CME invested more effort in promoting its futures than Cboe did, Sarumi believes. Because of the initial gains in the Cboe bitcoin futures, "I think today people were anticipating a similar type of event said Joe Van Hecke, founder and managing partner at Chicago-based trading firm Grace Hall. CME group, on the other hand, put bitcoin in the equities group on the CME exchange, which offers a lot of products and asset classes enjoying large daily volumes, Sarumi said. "The aggressiveness of the bids did take me by surprise.".
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CME had made its announcement on Dec. "There's more people who are involved in the CME launch than there were at Cboe's Cho said. I was a big believer that bitcoin machine we needed to go forward and list Bitcoin in some shape or form, but also understanding that this is a brand new asset class that has come in to the marketplace, and so you need to be able. Goldman Sachs has gone the same way. So, we put a lot of controls that we don't have on certain products on Bitcoin. CME, the world's largest futures exchange, launched its own bitcoin futures contract Sunday under the ticker "BTC. "They've gone about the launch of these products with their guard up a bit Van Hecke said. Bitcoin futures contract which would launch on 18 December 2017, eight days after the launch of Cboe's bitcoin futures product. In less than 10 years, bitcoin has quickly evolved from being a fringe asset and the focus of tech nerds to a globally traded asset. About 20 firms participated, including Interactive Brokers and Wedbush Futures.