๐๐๐ Crypto Derivatives Gain Institutional Traction as #Wintermute Asia Executes First Options Block Trade on #CME Group ๐๐๐
Wintermute Asia, the derivatives trading arm of the algorithmic trading firm Wintermute Group, executed its first options block trade through CME Group on November 21, 2023. The BTC/USD block was traded between Wintermute Asia and TP ICAP and was cleared by ABN AMRO Clearing Bank.
This marks a significant milestone for Wintermute Asia as it expands its presence into the traditional derivatives market. The company is now able to offer its clients a wider range of products and services, including options trading on Bitcoin and other #cryptocurrencies.
The trade was also a significant development for CME Group, which is the world's second-largest futures exchange. CME Group has been actively expanding its presence in the crypto derivatives market in recent years, and the execution of this block trade is a testament to its growing capabilities in this space.
Overall, the execution of Wintermute Asia's first options block trade through CME Group is a positive development for both companies and for the broader crypto derivatives market. It is a sign of growing institutional interest in cryptocurrencies and the increasing availability of professional trading products and services in this space.
