As a follow up to our piece a few days ago on the launch of the BRR (bitcoin reference rate) and BRTI (bitcoin real time index) by the Chicago Mercantile Exchange and London based Crypto Facilities Ltd, let’s circle the calendar for this Monday the 14th when these two new bitcoin products will kick off. On that date, the future will arrive as bitcoin’s credibility will soar with the “stamp of approval” by the CME.
Using Crypto Facilities** digital assets trading platform, coupled with the CME’s global trading reach, will most certainly have an immediate positive effect on investor’s awareness of bitcoin. Market spreads, trading volume, liquidity and overall market efficiency are sure to improve over time. I am on record of stating that not only will the price of bitcoin increase greatly but new bitcoin products (coming soon to a platform near you) will rival the success of the CME’s S&P’s products.
Since I (and FintekNews) am a strong fan and proponent of digital currencies, especially bitcoin, we will be running an interview with the co-founder and COO of Crypto Facilities……Jean-Christophe Laruelle………all next week in celebration of the launch of the BRR and BRTI. With CF and the CME, the future of bitcoin “re-begins” Monday.
**Crypto Facilities is a London-based financial services firm and provides risk management and trading solutions around
digital assets such as bitcoin. Our management has extensive financial markets expertise from top investment banks, and
we apply high standards of compliance, reporting and risk management across our whole business.
Crypto Facilities Ltd (FRN 630784) is an Appointed Representative (AR) of Met Facilities LLP which is authorized and
regulated by the Financial Conduct Authority (FRN 587084).
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By Bill Taylor/CEO-FinteKnews
Posted: 11/10/16