A select group of Bank of America clients has gained access to trading Bitcoin futures on the Chicago Mercantile Exchange (CME), according to informed sources cited by CoinDesk.
According to the report, some clients are setting up their equipment, and some have already begun trading.
In July, BofA created a target group for studying Bitcoin and other cryptocurrencies. In March bank analysts criticized digital gold, saying that it is useless as a store of value or a means of payment.
In June, open interest in Bitcoin futures on the CME fell to a six-month low. Earlier, the Chicago Mercantile Exchange launched trading of Bitcoin microfutures.
Earlier this spring, investment bank Goldman Sachs offered clients non-deliverable Bitcoin forwards.
In June, Mike Novogratz’s Galaxy Digital became a liquidity provider for Goldman Sachs in Bitcoin futures trades on the CME.
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