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Higher Margins Set for CME's Soon-to-Launch Bitcoin Futures

  • Initial margin requirement for CME bitcoin futures set at 47%
  • CME set to follow Cboe in launching contracts this weekend
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Cboe CEO Says Bitcoin Launch Is 'Business as Usual'

Margin requirements for CME Group Inc. bitcoin futures will be 47 percent next week when the contracts start trading, an increase from the previous plan.

The Chicago-based exchange owner said today in a message to users that it will require 47 percent to be put up at the start of a trade, known as initial margin, and 43 percent to be maintained as the contracts rise and fall in value, known as maintenance margin. The previous initial amount was set at 35 percent and the exchange hadn’t set a level of maintenance margin, according to the company.