CME - CME Group to add bitcoin futures to its suite of event contracts

• CME Group ( NASDAQ: CME ) will add bitcoin ( BTC-USD ) futures to its suite of event contracts starting on March 13, the derivatives exchange said Tuesday.
• "Our new event contracts on Bitcoin futures provide a highly transparent and less complex way for investors to access cryptocurrency markets – with the added benefit of a fully regulated platform," said Tim McCourt, global head of Equity and FX Products at CME Group.
• The contracts, pending regulatory review, track the daily price action of CME's ( CME ) benchmark bitcoin ( BTC-USD ) futures, and offers a "lower-cost way for investors to trade their views on the up or down price moves of bitcoin," he added.
• This is far from CME's ( CME ) first foray into crypto. In fact, the company achieved record average daily volume in 2022, partly helped by significant growth in crypto ADV .

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