Home / Bitcoin Price Predictions / CBOE to launch BTC futures this week
CBOE to launch BTC futures this week

CBOE to launch BTC futures this week

The Chicago Board Options Exchange (CBOE) is solely days away from launching Bitcoin (BTC) futures contracts on its Cboe Futures Exchange (CFE) platform.

In a statement revealed yesterday, CBOE launched that it would start offering the product beneath the ticker picture “XBT” at 11:00 GMT on Sunday, December 10, with December 11 set to be the first full day of shopping for and promoting. XBT shopping for and promoting may very well be free on the CFE by way of the highest of December, the company moreover said.

“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,” CBOE’s chairman and chief authorities officer Ed Tilly said in an announcement. “We are devoted to encouraging fairness and liquidity throughout the bitcoin market. To promote this, we’re going to initially provide XBT futures shopping for and promoting for gratis.” 

With this switch, CBOE will flip into the first fundamental commerce to provide Bitcoin futures. The agency’s Chicago-based rival CME Group launched last Friday that it would launch its deliberate Bitcoin future product on December 18.  This adopted an earlier announcement by the US Commodity Futures Trading Commission, which said that it would allow the CME and CBOE to launch Btcoin merchandise. The regulator moreover accredited Cantor Exchange’s plan to provide a contract for Bitcoin binary selections.

In at this time’s shopping for and promoting, the Bitcoin worth (BTC/USD) stood at $11,809.20, as of 11:41 GMT. The coin bought right here inside hanging distance of $12,00zero earlier at this time, notching up a model new all-time extreme of $11,931.90.

For further knowledge on how to buy and commerce Bitcoin, see our full Bitcoin data.



CBOE to launch BTC futures this week

Check Also

Bitcoin Transaction Fees Drop to $1, Can This be Sustained in Long-Term?

Bitcoin Transaction Fees Drop to $1, Can This be Sustained in Long-Term?

Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. Over the …