CBOE to launch bitcoin futures trading Sunday

Violet Tucker
Декабря 5, 2017

Consequently, Cboe will become the first USA exchange to support trading for a cryptocurrency-derived futures product. The popular digital currency market cap rose to $189 billion.

CBOE Global Markets Inc. said Monday it will begin trading bitcoin futures on its exchange Sunday, eight days before its rival CME Group Inc. does the same, following a recent green light for both venues by the U.S. Commodity Futures Trading Commission. The news comes after CME group announced last week that it would launch bitcoin futures on december 18.

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The contracts will be cash-settled, and the price will be based on the daily auction price from Gemini, a cryptocurrency exchange based out of NY.

Since November 2016, CME Group and Crypto Facilities Ltd. have calculated and published the BRR, which aggregates the trade flow of major bitcoin spot exchanges during a calculation window into the U.S. Dollar price of one bitcoin as of 4:00 p.m. London time.

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Naeem Aslam, Think Markets analyst, said that the reports Britain wants to hike regulation of bitcoin and other digital currencies.

Bitcoin trading markets seem to have already priced the CBOE's move into their assessment of the cryptocurrency's price.

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"Given the unprecedented interest in bitcoin, it's vital we provide clients the trading tools to help them express their views and hedge their exposure". The Cantor Exchange took similar steps to begin trading new binary bitcoin options contracts. CBOE has already expressed its desire to list these products, and - just this week - The Wall Street Journal reported Nasdaq Inc. hopes to list bitcoin futures on one of its US exchanges during the first half of 2018. It will also open up bitcoin trading to a larger group of investors and traders, who have been reluctant to purchase the virtual currency on the private exchanges. To ensure minimal impact on markets due to bitcoin's price swings, traders will have to pay 33 percent of their trade's price upfront as compared to the 35 percent for CME bitcoin futures trades.

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