As Cboe previously revealed, last week the company launched its bitcoin-based features. The launch was received with some excitement on the market. Today, it was CME Group’s turn to launch its bitcoin products. We must say that it was a very agitated day, because several players have started to buy.|

An interesting thing to be added is that in the end, investors also saw a lack of liquidity. This excitement comes due to the fact that the CME Group is a far much bigger player compared with the Cboe.

CME Group had the open-day futures market

Futures markets can be easily compared with the gambling market, because traders also have the possibility to launch bets on the future outcome, bitcoin, currency, and even stock. Futures are popular among players because most futures contracts can be bought for just 10 percent.

But, investors should know that the CME Group has declared that it will require users to meet a margin of approximately 42 percent. Moreover, a contract unit can be bought for five bitcoins according to the price of the CME FC Bitcoin Reference Rate.

In order for investors to gain some futures contracts, they will have to use a brokerage service. Unfortunately, at this moment there aren’t so many services on the market, which is also the reason why some liquidity issues were experienced.

This week, TD Ameritrade, which is the largest online brokerage service, will offer Cboe’s contracts. But, it is important to know that while offering Cboe's contracts, TD Ameritrade won’t be able to offer contracts to CME as well.

Many bitcoin enthusiasts have been happy about the CME addition. Many people also declared that they believe that the futures' price will be very optimistic.