#CryptoCorner: CME Group (NASDAQ: $CME) to Launch Bitcoin Options, Wells Fargo Crypto “Faster” Than SWIFT?, OCBC Joins JPMorgan’s (NYSE: $JPM) IIN

Point Roberts, WA and Delta, BC – September 20, 2019 (Investorideas.com Newswire) Investorideas.com, a leader in crypto and blockchain investing news brings you today’s edition of the Crypto Corner podcast and commentary on what’s driving the cryptocurrency market.

Listen to today’s Crypto Corner Podcast:


#CryptoCorner: CME Group (NASDAQ: $CME) to Launch Bitcoin Options, Wells Fargo Crypto “Faster” Than SWIFT?, OCBC Joins JPMorgan’s (NYSE: $JPM) IIN

Get the Crypto Corner Podcast on iTunes

Subscribe to Podcast RSS feed:

Crypto Corner

Stocks discussed: (NasdaqGS:CME) (NYSE:JPM) (SGX:O39) (NasdaqGS:FB)

Derivatives marketplace CME Group (NasdaqGS:CME) will launch options on its Bitcoin (BTC) futures contracts in Q1 2020, pending regulatory review, according to a press release today. Tim McCourt, CME Group Global Head of Equity Index and Alternative Investment Products, explained:

“Based on increasing client demand and robust growth in our Bitcoin futures markets, we believe the launch of options will provide our clients with additional flexibility to trade and hedge their bitcoin price risk. These new products are designed to help institutions and professional traders to manage spot market bitcoin exposure, as well as hedge Bitcoin futures positions in a regulated exchange environment.”

Wells Fargo Digital Cash, the banking giant’s recently-announced cryptocurrency, is faster and better than SWIFT, according to the head of the company’s Innovation Group Lisa Frazier in a statement to CoinDesk.

“When we move money across the world and we need to exchange currencies, we have to go through third parties such as SWIFT and other banks. That’s a long process and every time there’s a connection with external parties, it takes time and energy and effort.”

“It’s faster than SWIFT,…

Source Link