🇨🇦 Canada's largest exchange, TMX Group, is preparing to launch Bitcoin (BTC) futures contracts on its derivatives trading platform.

📈 The Montréal Stock Exchange's (MX) move to launch Bitcoin Price Index Futures is in response to growing market demand for this new asset class.

🔍 The new Bitcoin Price Index Futures will allow investors to “hedge their Bitcoin spot trading exposure” while also taking a look at other opportunities in the emerging cryptocurrency space.

💹 The settlement value of the contracts will be determined through a CoinDesk product called CoinDesk Bitcoin Price Index (XBX).

🏦 Futures contracts will be traded on the Montreal Stock Exchange and settled in cash in US dollars.