CBOE beats CME to bitcoin futures launch with Dec 10 start

Cboe announces bitcoin futures to start trading Sunday
CBOE to Begin Bitcoin Futures Trading on December 10
Author

05 December, 2017

Cboe Global Markets Inc. said Monday it will start trading bitcoin futures on December 10, after getting the green light last week from regulators.

CME's bitcoin futures contract launches december 18, available for trading on the CME Globex electronic trading platform, the world's biggest derivatives exchange said on Friday. The futures will begin trading at 5 p.m. CT under the ticker symbol "XBT".

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

In recent months, the price of bitcoin has fluctuated wildly, trading from a little over $1,300 in April up to more than $7,400 in early November, before falling again below $6,000 following the news that a much-anticipated "fork" in the bitcoin blockchain was not going ahead. At 19:54 UTC on Monday, bitcoin was trading at $11,237.19, unchanged in the last 24 hours.

CME and CBOE have also agreed to enter into data-sharing agreements, particularly on the settlement process, so the CFTC can conduct its own surveillance on the new financial contracts.

Mega Man X Series Hitting Nintendo Switch in 2018
Now if this opens the door for the return of the beloved Mega Man X franchise is another question. It's been seven years since Mega Man 10 , the last mainline entry featuring the blue bomber.

Margot Robbie is developing a separate Harley Quinn movie
What do you make of Robbie's comments on her Harley Quinn spin-off? You see it in the comics, she loves meeting people. The film is reportedly to be called Gotham City Sirens and it's going to have to be good to catch up with Marvel.

'Lady Bird' Just Became Rotten Tomatoes's Most Popular Film of All Time
Just last night, Ronan received an award for Best Actress at the IFP Gotham Independent Film Awards for her role in Lady Bird . So what is Lady Bird? Originally released in just two cities , " Lady Bird " expanded to theaters nationwide November 24.

"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".

Naeem Aslam, Think Markets analyst, said that the reports Britain wants to hike regulation of bitcoin and other digital currencies. They will also be cash-settled, similar to CME's bitcoin futures.

Bitcoin futures would allow traders to bet on rises and falls in the digital currency, similar to the way oil, corn or gold futures work.

"If the Commission determines that the margin the DCOs hold against bitcoin futures positions is inadequate, it can take measures to require that the margin levels be increased", CFTC Commissioner Brian Quintez said in a speech last week. 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.


More news


  • Supermoon 2017: Here's how to watch it

    Supermoon 2017: Here's how to watch it

    You also can catch the supermoon online at a free webcast from the Virtual Telescope Project starting at 16:00 UT on December 3. This Sunday's supermoon will appear a little boring in comparison, only appearing seven percent larger and 16 percent brighter.
    Undocumented immigrant acquitted of Kathryn Steinle's murder

    Undocumented immigrant acquitted of Kathryn Steinle's murder

    Garcia Zarate, who also used the name Juan Francisco Lopez Sanchez, had been deported five times before the deadly encounter. Since taking office, Trump has threatened to withhold federal funding from places with similar sanctuary city laws.
    India Just Backed Net Neutrality

    India Just Backed Net Neutrality

    With TRAI playing its part, it's up to the ministry of communications and information technology to now incorporate the recommendations in legislation.
  • College Football Playoff projections after Week 13 games

    College Football Playoff projections after Week 13 games

    Saturday's conference championship games, at least three of which will match teams ranked in the CFP top 10, will be pivotal. It will be an interesting finish to the year, and the field of four teams is sure to be hotly debated when the time comes.
    Harvey Weinstein accused of violating sex trafficking laws at Cannes

    Harvey Weinstein accused of violating sex trafficking laws at Cannes

    A spokesperson for Weinstein told the Guardian the Jewish producer denies any allegations of nonconsensual sex. The suit argues that based on these events, Weinstein was in violation of sex trafficking laws.
    Amazon's Sumerian Is A Web-Based Development Service For VR/AR Apps

    Amazon's Sumerian Is A Web-Based Development Service For VR/AR Apps

    Users incur costs only for cloud storage of their 3D assets and traffic generated by the scenes they create. An example of how publishers can use the new video tools unveiled by Amazon Web Services at re:Invent 2017.
  • England should succeed after kind Tunisia group

    England should succeed after kind Tunisia group

    The draw has been made and they can see the teams they are up against, where the games are situated and they have to travel to.
    EU Fails To Seize Opportunity To End Glyphosate

    EU Fails To Seize Opportunity To End Glyphosate

    More than 280 similar lawsuits are now pending against Monsanto, according to the United States right to know campaign. Glyphosate is the active ingredient in Monsanto's Roundup product, the world's most widely used herbicide .
    Aid workers to return to Yemen at weekend but no aid yet

    Aid workers to return to Yemen at weekend but no aid yet

    It was not clear if fuel imports, crucial for supplying clean water, would resume as part of the easing of the blockade, he said. Since Nov. 6, the United Nations and global aid agencies have repeatedly urged the coalition to lift the Yemen blockade.
  • When can you see the last supermoon of 2017?

    When can you see the last supermoon of 2017?

    As for seeing the supermoon yourself, all you need is a reasonably clear night and decent vision. If you miss this one, however, don't fret: The first two full moons of 2018 will be supermoons .
    President Trump to promote tax reform in Missouri visit

    President Trump to promote tax reform in Missouri visit

    The trigger would be a way for senators to test their economic assumptions, with real consequences if they are wrong. Corker said the bill would be modified to automatically raise tax revenues if growth targets were not reached.
    Twitter Reacts To Legendary Actor Rance Howard's Death

    Twitter Reacts To Legendary Actor Rance Howard's Death

    He is known for his movie roles in Splash, Cocoon , Parenthood , How the Grinch Stole Christmas , Grand Theft Auto and many more. He stood especially tall for his ability to balance ambition with great personal integrity. "We love & miss U Dad".