CME Files Patent for ‘Physically Settled’ Bitcoin Derivatives Clearing System

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CME Files Patent for

The U.S. Patent and Trademark Office (USPTO) published last week a Bitcoin-related patent application by the Chicago Mercantile Exchange Inc (CME). It describes clearing systems for “physically settled” digital currency derivatives contracts, including bitcoin.

Also read: Bitcoin Investment Trust Raises Offering to $1 Billion, Signs on Credit Suisse and Wedbush

CME’s New Patent Application

CME Files Patent for CME is an American financial and commodity derivative exchange based in Chicago. Today, it is the world’s largest options and futures contracts exchange, based on the number of contracts outstanding.

The company filed a patent application titled “System for Physically Delivering Virtual Currencies” with the USPTO on November 4, 2015. It was then published on the agency’s website on May 4.

The inventors listed on this patent

Read more ... source: TheBitcoinNews

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