The Chicago Mercantile Exchange CME, which in mid-December launched bitcoin futures trading, has announced the creation of a simulator that will enable novice bitcoin traders to explore the possibilities of its trading platform.

CME reported the launch of a market simulation tool that would help beginners in trading to practice bitcoin trading without risking their capital.

 

The simulator allows novice investors to study in practice the possibilities of trading platforms, while experienced traders may experiment with new trading strategies.

"Take your learning to the next level through practice in our simulator. Study the charts, add your indicators, test your strategies, and manage your account. All for free," the simulator site reads.

Running the simulator, most likely, is designed to attract new participants to bitcoin futures trading at CME, which seeks to become a leader in the market of bitcoin derivatives.

In order to try trading, one must register on the educational site of the CME Group. Participants of the simulator receive a demo account with $100,000.

CME Group launched bitcoin futures trading on 17 December. It became the second exchange, which started trading of bitcoin derivatives after the Chicago-based Cboe, which began trading bitcoin futures a week earlier, on 10 December.