The U.S. based international derivatives marketplace, the Chicago Mercantile Exchange (CME), has received regulatory approval and has went forth with launching its new product - Bitcoin futures options, Cointelegraph reports on January 14th.
The Chicago Mercantile Exchange was one of the first companies to offer Bitcoin futures, along the Chicago Board Options Exchange back in 2017. The company is reportedly looking to expand their market share into the USD20bn daily volume traded on crypto futures across the board with this launch.
The Chicago Mercantile Exchange Bitcoin futures options have already received a positive review from the JPMorgan analytics team, noting that the interest and activity predating its launch has been significantly higher than with the launch of Bakkt in December last year. However, it remains to be seen how much of the market share is captured by CME, as we've already seen from Bakkt example that the interest in crypto derivatives from major players might have only been unfounded hype. This could do with the uncertain regulatory landscape or the extremely high volatility of the underlying assets, but if Bakkt is to be a judge, CME options won't fare much better, at least in their starting months.