Cboe launching Bitcoin Future earlier than CME

05 December, 2017, 02:10 | Author: Lester Mason
  • Cboe announces bitcoin futures to start trading Sunday

CME on Friday announced the launch of its bitcoin futures contract on december 18, available for trading on the CME Globex electronic trading platform.

Due to its volatility, bitcoin futures will be subject to higher margin levels and intraday price limits, the CME said.

In an unexpected development, the Chicago-based Cboe Futures Exchange (CFE) has announced it will list bitcoin futures contracts for trading on December 10. One bitcoin was worth just a fraction of a penny when it started trading in 2010, and by the start of this year was worth $1,000.

The fact that this price was achieved much before the end of the year and that the prices overshot this region to move beyond the $11,000 region during the month was a sample of how strong this bull run has been during the month of November. Monday, December 11, will be the first full day of trading, and trading will be free through December.

Ali defeats Cotto, wins WBO junior middleweight crown
The Garden had a familiar ring for Cotto. "I've been fighting since I was eight years old, and I've been in big arenas". Cotto continued to apply pressure in the seventh, but said that "something happened" to his left biceps in the round.

Chandigarh worst in India in crime against elderly: NCRB
The city police also registered 979 cases under the POCSOA, the second highest in metropolitan cities, the NCRB report said. In the crimes against children , 145 cases were of kidnapping or abduction, 46 were of compelling girls for marriage.

Five terrorist killed in two Kashmir encounters, para commando injured
As security forces approached a house, the militants opened fire, triggering a gunfight which lasted for several hours. It added that three AK rifles with 3 magazines and 111 rounds and other ammunition were found on slain men.

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.

"We are pleased to bring Bitcoin futures to market after working closely with the CFTC and market participants to design a regulated offering that will provide investors with transparency, price discovery, and risk transfer capabilities", said Terry Duffy, CME Group Chairman and Chief Executive Officer. The first bitcoin futures contracts on a regulated US exchange are set to launch on Sunday. Bitstamp, GDAX, itBit and Kraken are the constituent exchanges that now contribute the pricing data for calculating the BRR.

Bitcoin hit a record above US$11,400 last Wednesday, but then lost 20% of its value in the following 24 hours.

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

Recommended:



Popular

Federal Bureau of Investigation official removed from probe for anti-Trump remarks
Mr Comey said that request came a day after Mr Trump forced Mr Flynn to resign his White House post . At the time they left Mueller's group, no one publicly linked the two departures.

Manhunt in NYC after vehicle rams into people, several reported killed & injured
Witnesses told CBS New York that a group of people were leaving the bar when they saw one man beating up another on the sidewalk. Police are now looking into the details, but so far the incident is not believed to be terrorism related, according to AP.

UGA player arrested after SEC Championship game
The previous two were related to marijuana possession, the second of which caused him to be suspended four games this year . Patrick started and helped Georgia win Saturday's SEC championship game against Auburn in Atlanta.

New England Patriots closing in on AFC East title
Patriots CB Stephon Gilmore returned to Buffalo for the first time since leaving the team in free agency during the offseason. Tyrod Taylor left the game in the fourth quarter with a knee injury and did not return.

Manchester United beat Arsenal 3-1 to keep heat on City
Paul Pogba was spotted hugging Mesut Ozil in the Emirates tunnel in the moments leading up to Manchester United's 3-1 victory over Arsenal.

Groin injury sidelines Pelicans PF Anthony Davis
Davis tallied a team-best 19 points and 10 rebounds in his first 32 minutes, before being forced out of the game. Trainers came over to look at Davis immediately, and the amount of pain he was in was readily apparent.

Thousands gather in Sanaa after rebel clashes
The Houthi rebels denounced what they described as " sedition ", meaning Saleh's behaviour towards the Saudi coalition. But Houthi rebels , his allies until this week, accused him of a "coup".

Boone picked by Yankees as next manager
Boone was one of six candidates to interview for the job, beating out a group that included Eric Wedge and Carlos Beltran . Aaron Boone , who played 54 games with the New York Yankees in 2003, will reportedly be the 35th manager in club history.

Florida Teen Found in New York After Disappearing With Soccer Coach
Her former soccer coach Rian Rodriguez, 27, is now in jail on a charge of interference with a child's custody. A photo provided to ABC News by the family on Saturday showed Frisina smiling while embracing her parents.

Law enforcement speak again, continue work in finding Mariah Woods
Woods also revealed that her daughter has to wear orthopedic leg braces and worries that she won't be able to walk without them. The girl's biological father, Alex Woods, who does not live with the child or her mother, has questioned the kidnapping story.