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CME Group plans to launch Bitcoin volatility futures contracts, adding a new derivatives instrument that would allow traders to take positions on Bitcoin's price swings rather than its direction. The product represents another step in the institutionalization of crypto derivatives markets.

 

Brad Garlinghouse addressed attendees at a Tuesday crypto conference on the progress of the CLARITY Act after US lawmakers announced a compromise on stablecoin yield that could advance the legislation.

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Short liquidations and rising open interest may be signs of the bulls' plan to push the Bitcoin price closer to $90,000.

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CME's upcoming futures product will track whether the market thinks the price of Bitcoin is about to swing wildly or stay steady.