Exchanges Set To Launch Bitcoin Futures Trading

Javier Stokes
December 5, 2017

According to the official release, CME Group has self-certified the initial listing of its Bitcoin futures contract, which will be listed on and subject to the rules of CME. The regulatory process used is called self-certification.

CME had announced last week that it would begin bitcoin futures trading on December 18. This memorandum is considered advertising under applicable state laws.

It means that investors will be able to buy and sell "future" contracts in Bitcoins - an agreement to buy the crypto-currency, for example, in three months time at a certain price.

The CEO is optimistic about bitcoin futures trading at CME as he stressed that they have worked closely with CFTC and interested parties to come up with a system that will provide investors with transparency, price discovery and risk transfer capabilities. At 19:54 UTC on Monday, bitcoin was trading at $11,237.19, unchanged in the last 24 hours.

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Cboe Global Markets Inc will launch trading in its bitcoin futures contract on December 10, just over a week ahead of rival CME Group Inc.

Bitcoin has gained more mainstream attention lately as its price has soared on the private exchanges. 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. Several media outlets have suggested that the Nasdaq Stock Market will also soon begin trading futures of the digital currency, but the exchange has not yet confirmed that.

The Commodity Futures Trading Commission said it had discussions with the exchanges to protect consumers from extreme price swings.

The CBOE's announcement brings bitcoin one step closer to institutional traders, who are expected to be the primary customers for such trades.

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