<p>The Chicago Mercantile Exchange (CME Group), the only exchange that currently provides bitcoin futures contracts in the U.S., is looking to double open positions limit of the product.</p> <p>CME has <a href="https://www.cmegroup.com/content/dam/cmegroup/market-regulation/rule-filings/2019/9/19-334.pdf">written</a> to the U.S. Commodity Futures Trading Commission (CFTC) for the proposed move, which would increase the limit from 1,000 contracts per spot month to 2,000.</p> <p>One contract is for five bitcoins, which means the change, once cleared by the CFTC, would increase a trader’s maximum exposure to 10,000 bitcoins from the current 5,000. The change would then take place from the Oct. 2019 contract month and all contract months thereafter.</p> <p>CME Group has been offering bitcoin futures contracts since late 2017, and the exchange is now gearing up to launch another bitcoin derivatives product, as reported by <a href="https://www.theblockresearch.com/cme-group-is-sharing-details-on-bitcoin-options-that-could-signal-an-imminent-product-launch-38462/">The Block</a> last week. The new product could launch before the end of this year.</p>