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Won’t Let Bitcoin Go to Zero: CME Chief Quells Fears Ahead of December Bitcoin Futures Launch

“Speaking with CNBC, Duffy revealed that CME plans to launch bitcoin futures trading during the second week of December” writes unknown author for cryptocoinsnews.com. Bitcoin futures contracts are scheduled to launch in one month on the world’s largest derivatives exchange, and market analysts have nothing to fear.That’s according to Terry Duffy, chairman and CEO of the Chicago-based CME Group, which will soon become the first licensed U.S. derivatives exchange to list bitcoin futures contracts.He says that he fears bitcoin’s volatility will make smaller firms more likely to fail to cover their margins, which could be as low as 2% on futures products.If bitcoin products are not isolated from the rest of the market, he says that that the failure of these small firms could reverberate throughout the exchange and render it less protected against risk.
 
Source: cryptocoinsnews.com



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