Why CME and CBOE bitcoin futures aren’t important and don’t matter.

You’ve probably read in the “news” by now that Chicago Mercantile Exchange (CME) and Chicago Board Options Exchange (Cboe) are preparing to launch “bitcoin” futures, the former next week and the latter any minute now. What you probably missed in the frenzy, hype, and clickbait headlines is that these fiat financial instruments simply aren’t important and don’t […]