Posted 10/3/2023, 4:52:00 PM
TMX Group Launching Bitcoin Futures on Montreal Exchange to Meet Rising Crypto Demand
- Canadian exchange TMX Group launching bitcoin futures contracts through its Montreal Exchange (MX) platform
- Aims to meet rising demand for exposure to bitcoin price movements
- Futures will be cash-settled in U.S. dollars, not bitcoin itself
- Futures settlement value will be based on CoinDesk's Bitcoin Price Index
- Part of trend of traditional finance firms expanding digital asset services like CME's ether futures