Cboe has beaten CME, Will be Launching Bitcoin Futures on December 10

Nishanth Shetty

Nishanth Shetty

December 5, 2017 7:22 am

Cboe has beaten CME, Will be Launching Bitcoin Futures on December 10 | Coindelite News
57868 Total Views

Bitcoin News

Cboe Global Markets (Nasdaq: CBOE) has announced today that, its Cboe Futures Exchange (CFE) subsidiary is planning to offer the trading in bitcoin futures beginning on Sunday, December 10, just after a week before the CME planned the launch. Trying to attract the investors to its venue over CME’s, the Cboe head also announced that trading will be free through the December.


Ed Tilly, Chairman and Chief Executive Officer of Cboe Global Markets, told:

“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. We are committed to encouraging fairness and liquidity in the bitcoin market. To promote this, we will initially offer XBT futures trading for free.”

Product Information

The Cboe’s bitcoin futures will be traded on CFE under the ticker symbol ‘XBT’. The new instruments are cash-settled contracts which are based on the Gemini exchange’s auction price for the bitcoin, Controlling the U.S dollars.

The company explains that its XBT futures are specially designed to allow the participants to implement straightforward trading methods, by setting into a single, traceable price.

Before itself, the company had said that they will have the multiple contracts with several expiry cycles and also four serial expirations, among other details as well. It has even proposed that in the future Cboe may add futures trading on the bitcoin cash to differentiate its offering from the larger CME

Hey there! I could have sworn I’ve been to this website before but after checking through some of the post I realized it’s new to me. Anyways, I’m definitely delighted I found it and I’ll be book-marking and checking back frequently!

1 Comment
Supreme Court of India Postpones Crypto Banking Ban to September

Indian Supreme Court has decided to postpone the case on Banning the cryptocurrency firms from receiving banking services that are appealed by Reserve Bank of India’s (RBI) The local news channel Inc42 has published a report saying that decision on the ban has been postponed to September 2011. The board of judges …

CBS’s Showtime is Mining Cryptocurrency using Visitors’ CPU Power

An increasing number of websites have been found secretly mining cryptocurrency. Earlier this week, Change.org launched a screensaver that mined Monero when the user’s PC is inactive. This is a great way for websites to generate revenue and the end-user does not need to pay the website or encounter ads, instead, …

Importing Crypto Mining Hardware Suspended by The State Bank of Vietnam

The State Bank of Vietnam (SBV) is the Central bank of the country. On July 19, 2018, Viet Nam News reported that the bank enforced a suspension on the import of cryptocurrency mining hardware. This move comes after the Ministry of Industry and Trade (MoIT) suggested that the import of crypto …

Switzerland Supports Cryptocurrencies by Easing Regulations

Switzerland was once hailed as “Crypto Nation”. The country initially enforced a stricter regulatory framework. The Government is planning to capitalize on the popularity of cryptocurrency platforms by encouraging banks to accept accounts from cryptocurrency companies. Based on the ICO guidelines published in February 2018, Switzerland is allocating its cryptocurrency …

Cryptocurrency Insurance – The Next Big Thing

Insurance has always been an elusive topic. Companies and providers shy away from revealing intricate details and protocols for the underwriting process. Given the recent attacks by hackers on various cryptocurrency exchanges, insurance seems to be a step in the right direction. Renowned providers like AIG, Chubb, and XL group …

Step Up Begins Accepting Cryptocurrency Donations

Step Up, a non-profit organization based in Santa Monica, California has extended its donations options by adding cryptocurrencies to the list. Interested users can support their cause by donating through Bitcoin, Bitcoin Cash, Ethereum, and Litecoin. The company provides permanent supportive housing, vocational training, and opportunities for individuals suffering from …