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Tuesday, November 21, 2017

Crypto News: FUD on All Sides: In Defense of CME's Bitcoin Plan

FUD on All Sides: In Defense of CMEs Bitcoin Plan

I'm a member of the Chicago Mercantile Exchange. I've also been a bitcoiner since 2013. So, when CME Group announced its intention to launch bitcoin futures in the coming weeks, I thought, "Great! Way to go, CME."

The first exchange to offer a futures contract on bitcoin is good news for my CME friends: more trading volume and and speculative opportunities. And it's also good for my bitcoin friends: the legitimacy and access is sure to help with adoption and higher bitcoin prices. Win-win! Right?

Well, that wasn't quite the response I got.

Instead I heard just about every negative stereotype about both futures trading and bitcoin, from both communities. Let's try to put these misperceptions to rest.


Full story at http://bit.ly/2hHhEb6


Source: CoinDesk


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