👉👉👉 Crypto Derivatives Gain Institutional Traction as #Wintermute Asia Executes First Options Block Trade on #CME Group 👈👈👈
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.