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  • BitCoin at the CBOE

    Chicago Board Options Exchange to Launch Bitcoin Futures, Announces Specifics


    We know everyone is excited to have Bitcoin trading moving toward the point they can be traded on a daily basis in the form of a futures/options contract. Here is the latest from the CBOE. We will keep all of AMP Futures traders up to date with developments as we get them.


    The Chicago Board Options Exchange (CBOE) has released its new Bitcoin derivative contract specifications in late November 2017, with the product itself to be introduced in the market in the next few weeks. With the move, the exchange follows other financial institutions in introducing Bitcoin futures products.

    The CBOE will use the XBT ticker for its new products. The ticker is exactly the same as the one being used by Bitcoin exchange Kraken in its platform. It is also expected that CBOE will introduce different types of contracts in the near future in its bid to secure a major market share quickly. The product launching, however, will be mainly dependent on the performance of its new products. High demand for Bitcoin-based financial products

    The demand for Bitcoin-based financial products is very high right now because of the continuous surge in the price of the number one cryptocurrency. Several financial institutions have also taken a complete turnaround on their assessment of Bitcoin.

    Among them is Goldman Sachs, which is now advising its investors not to ignore Bitcoin anymore. This is a complete about-face by the investment bank, which has previously criticized the digital currency.

    The high demand for Bitcoin futures and derivatives products is resulting in very tough competitions among industry players. With the entry of CBOE, competition is expected to intensify further because the exchange is the biggest of its kind in the US. It remains to be seen, however, if the exchange can outperform its competitors in this area.

    To effectively compete, there are issues that should be resolved by the exchange. Among these issues is how to relate its contracts to spot Bitcoin pricing. The exchange previously announced that it will extend its trading hours and all its Bitcoin-related transactions will be settled in cash. Whether these strategies are effective, however, remain to be seen.
    CBOE gives more information about forthcoming Bitcoin futures market.
    Last edited by CollinPalmer; 11-25-2017, 07:15 AM.

  • #2
    Thanks for the update Collin. I have done well buying actual BitCoin and am looking forward to trading futures. Sierra Charts is showing CME Bitcoin futures as F.US.BTC?## where ?=the month and ##=the year from July 2017 to Jan 2019 that are not trading yet but hopefully will soon.

    Do you have any information on the CME contracts please?

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    • #3
      As soon as we have all the Specs we will post them here. The CME is saying the launch should in Dec 2017 PENDING regulatory approval. Stay tuned.

      Comment


      • #4
        It looks like December 10th is the CBOE launch. Still waiting to hear about CME.

        http://www.zerohedge.com/news/2017-1...ops+to+zero%29

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        • #5
          Originally posted by Support View Post
          As soon as we have all the Specs we will post them here. The CME is saying the launch should in Dec 2017 PENDING regulatory approval. Stay tuned.
          CBOE got all the contract specifications ready, including ticker, margins etc:
          http://cfe.cboe.com/cfe-products/xbt...specifications

          When we can expect info on this product from AMP?

          Comment


          • #6
            All Firms will be ready once they start trading December 18th 2017. We will make an announcement.

            Comment


            • #7
              Comforting to know that AMP is all over this.

              http://www.zerohedge.com/news/2017-1...tures-contract

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              • #8
                The price volatility of Bitcoin and other cryptocurrencies is one of the biggest barriers to widespread adoption that cryptocurrencies face today. Unlike fiat currencies, today’s cryptocurrencies do not have a central bank that implements monetary policy to keep purchasing power stable, meaning that changes in demand can induce massive fluctuations in price. If users cannot be sure that the purchasing power of their accounts will remain stable, they will never adopt a cryptocurrency as a medium of exchange over a price-stable alternative.
                What is Cryptocurrency and how to use it? A cryptocurrency is a digital or virtual currency that uses cryptography for security. How Does Cryptocurrency Mining Work?

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                • #9
                  . Mining is a computationally intensive process that computers comprising a cryptocurrency network complete to verify the transaction record, called the blockchain, and receive digital coins in return

                  Comment

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