Chicago Mercantile Exchange’s, or CME, global head of equity index and alternative investment products, Tim McCourt, said traders prefer cash-settled Bitcoin trading over products backed by physical Bitcoin (BTC).ย “So far, clients have expressed a clear preference and priority for a cash-settled product,” McCourt told Cointelegraph in an email when asked why the CME chose to go the cash-settled route for its Bitcoin futures trading product back in 2017.ย The CME launched its BTC futures after its price metrics The CME opened Bitcoin futures trading in 2017, based on the…