Chishang Exchange launched Bitcoin futures event contract trading

It is reported that CME Group launched Bitcoin futures event contract trading on Monday. The company said in a statement that the new product will “provide investors with a way to enter the Bitcoin market through a fully regulated exchange, with limited risk and high transparency”. Such contracts provide compensation based on specific events, also known as forecast contracts or information contracts, which expire daily and are settled in cash. Investors use this to trade their views on the price trend of the special currency. According to the previous news, the open positions of CME Bitcoin options reached a record high in February this year, breaking through US $1 billion for the first time. （The Block）

Interpretation of this information:

CME Group has launched Bitcoin futures event contract trading to give investors a regulated way to enter the Bitcoin market with limited risk and high transparency. The new product provides compensation based on specific events that expire daily and settle in cash. This allows investors to trade their views on the price trend of this cryptocurrency. The open positions of CME Bitcoin options reached a record high in February this year, breaking through US $1 billion for the first time.

Interpretation:

CME Group has launched a new Bitcoin futures event contract trading product that enables investors to gain entry into the Bitcoin market using a fully regulated exchange, increasing transparency and reducing risk. This product allows investors to trade their opinions on the price trend of the unique cryptocurrency. Based on specific events, the contracts expire daily and are settled in cash, and are known as forecast contracts or information contracts. CME’s Bitcoin options have already reached a record high in open positions of over US $1 billion in February of this year.