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CME’s planned bitcoin futures will attempt to rein in big price swings

November 8, 2017

Via: CNBC

The world’s largest futures exchange wants to guard against extreme volatility in its planned bitcoin futures product.

CME will implement special price fluctuation limits at 7 percent and 13 percent above or below the prior settlement price, and prevent trading outside the 20 percent range, according to details the exchange released Tuesday afternoon.

The trading ranges are similar to what is allowed for U.S. stock index futures. But the limits could be more relevant for the notoriously volatile digital currency and could ease investor concerns about investing in the bitcoin product.

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