Exchanges Set To Launch Bitcoin Futures Trading

05 December, 2017, 01:48 | Author: Darnell Patrick
  • Cboe announces bitcoin futures to start trading Sunday

CME's bitcoin futures will be based on a "Bitcoin Reference Rate", which will be a "a once-a-day reference rate" based on the US-dollar price of the coins.

Bitcoin's rapid rise from less than US$800 in December previous year to more than US$11,000 this week on Coindesk has stoked fears that it is a pricing bubble that could leave recent investors worse-off.

The CME Group, which owns the Chicago Mercantile Exchange, will start trading bitcoin futures from December 18, the company said.

CME is not the only USA exchange that is going to add bitcoin futures to their product offerings.

Official trading and full day trading of the futures will begin on December 11, and trading will be free through December.


The bitcoin mania doesn't seem to be losing steam, despite repeated regulatory blows - especially in China - and growing more than tenfold in value from the beginning of this year. At 19:54 UTC on Monday, bitcoin was trading at $11,237.19, unchanged in the last 24 hours.

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.

"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". Bitcoin itself is now bought and sold on platforms that are virtually unregulated, which has made some money managers uncomfortable with the market even as prices soar.

Bitcoin has been a hot commodity for investors.

This also led to the migration of a few miners and investors to other markets like bitcoin cash and ethereum and once again, it looked as though the bitcoin prices would crash a lot more. 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.

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