CFTC approves CME and Cboe bitcoin futures
But warns investors it has limited statutory authority over the underlying cash markets and exchanges for bitcoin, which are largely unregulated
The US Commodity Futures Trading Commission (CFTC) has approved the listing of bitcoin futures by CME Group and Cboe Futures Exchange (CFE), but warned market participants of the risks associated with price volatility and trading practices.
The announcement on December 1 signals the beginning of a new chapter for two of the world’s largest future exchanges, which have self-certified new contracts for bitcoin futures products in the US, alongside Cantor Exchange, which opted to certify bitcoin
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