Are Bitcoin Futures Just Around the Corner? CME CEO Says So

The US major stock and futures exchanges have generally had a negative view of Bitcoin and trading on the cryptocurrencies.

That may be about to change, however, if CME Group has its way. CME Group operates a futures and derivatives exchange and plans to add a contract for bitcoin futures perhaps early next month.

Terry Duffy, CME Group CEO, told CNBC that he expects the exchange to list a bitcoin futures contract “sometime in the second week of December.”

A futures contract listing brings with it many complex financial strategies for handling price volatility, something that has been a persistent characteristic of bitcoin. The exchange could halt futures trading, match long and short positions, as well as other methods for keeping a market working.

You can see the video of Mr. Duffy’s discussion here:

What do you think? Will this help control bitcoin volatility or make it less attractive to investors and/or users?