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The CME EFP Bitcoin transaction, facilitated by ED&F Man and itBit, saw two institutional traders swap a position in CME's bitcoin futures market for an equivalent amount of the "physical" asset itself.
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“Every day we facilitate EFPs for our clients in physical assets such as soybeans, wheat and treasuries. EFPs on CME Bitcoin futures mark an important step forward in the maturity of the regulated derivatives market for digital currencies.”
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