CME plans to have a 5 BTC contract... so its for large players only
they also plan to trip "circuit breakers" if the daily price changes > 20% (ridiculous)
They plan to run the exchange from 9-5 on weekdays iike the old open outcry S&P 500 (mindboggling)
S&P mini runs all the time, why shouldnt this?
they also require a 35% margin for a leveraged derivitive ??

This is 19th century thinking applied to a 21st century product.

BTC is a 24/7 market. BTC has volatility which is what makes it a great trading vehicle.

How do they plan to settle when it tanks 50% on Friday afternoon 30% on Saturday and 40% on Sunday?
Then Monday morning they open the exchange? absurd

When regulation hits, as it will, and these products are classified as securities, which they are, and owning them is a criminal offence, you are going to see retail investors PANIC. Whats CME going to do? Close up shop and go to the lake for the weekend...

Cannot wait to see what happens on Monday