Coindesk Logo

E-Trade Financial Launches CME Bitcoin Futures Trading

E-Trade Financial Launches CME Bitcoin Futures Trading

E-Trade Financial Launches CME Bitcoin Futures Trading

E-Trade Financial Corporation opened trading in bitcoin futures from CME Group Tuesday evening.

E-Trade Financial Corporation opened trading in bitcoin futures from CME Group Tuesday evening.

E-Trade Financial Corporation opened trading in bitcoin futures from CME Group Tuesday evening.

AccessTimeIconJan 3, 2018, 9:00 AM
Updated Aug 18, 2021, 7:49 PM

Presented By Icon

Election 2024 coverage presented by

Stand with crypto

E-Trade Financial Corporation has opened trading in bitcoin futures from CME Group.

According to its website, the online stock brokerage firm – which launched the trading of CBOE bitcoin futures last month – opened up trading of bitcoin futures from CME Group for customers as of Tuesday evening. The intraday initial margin requirement for the CME bitcoin futures ("BTC") has been set at 80 percent, that same as is required for CBOE futures ("XBT").

The New York-based online brokerage first allowed customers to trade bitcoin futures from CBOE Global Markets on Dec. 20.

The U.S. Commodity Futures Trading Commission (CFTC) approved both CBOE and CME to list bitcoin futures on Dec. 1. The regulator said at the time that the companies will pursue a self-certified initial listing, after working with the agency to set a standard for the offerings.

TD Ameritrade Holding Corp. and Ally Financial Inc.'s Ally Invest have also opened up CBOE bitcoin contracts to investors. Interactive Brokers Group also opened trading in products from both exchanges in December, a CNBC report states.

Disclosure: CME Group is an investor in Digital Currency Group, CoinDesk's parent company. 

Trading chart image via Shutterstock

Disclosure

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information have been updated.

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. CoinDesk has adopted a set of principles aimed at ensuring the integrity, editorial independence and freedom from bias of its publications. CoinDesk is part of the Bullish group, which owns and invests in digital asset businesses and digital assets. CoinDesk employees, including journalists, may receive Bullish group equity-based compensation. Bullish was incubated by technology investor Block.one.


Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.