CME is letting traders bet on bitcoin volatility, not price, and two firms have already placed bets

BTC

BTC/USDT

$84,058.02

-0.11%

$84,058.02

-0.11%

(24s)

24h Volume

$15,300,710,222.39

24h H/L

$85,255.00 / $83,183.00

Change: $2,072.00 (2.49%)

Long/Short

58.4%

Long: 58.4%Short: 41.6%

Funding Rate

+0.0009%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$84,007.02

▼ -0.11%

Volume (24h): -

Resistance Levels

Resistance 3$87,335.96

Resistance 2$85,667.07

Resistance 1$84,048.83

Price$84,007.02

Support 1$83,103.66

Support 2$80,169.72

Support 3$77,064.96

Pivot (PP):$84,179.33

Trend:Uptrend

RSI (14):63.9

CoinDesk Staff

(08:19 AM UTC)

1 min read

Reviewed byMichael Roberts

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Monarq and DV Chain kick off trading in CME's bitcoin volatility index futures.

CME’s bitcoin BTC$62,945.93 volatility index futures began trading last week, offering investors a new way to trade and hedge price volatility. DV Chain and Monarq Asset Management executed the first block trades, kicking off trading in the contracts.

These volatility contracts track the CME CF Bitcoin Volatility Index…