CBOE will start to sell bitcoin future Dec. 10, 2017

//CBOE will start to sell bitcoin future Dec. 10, 2017

CBOE will start to sell bitcoin future Dec. 10, 2017

Couple notes:

1.  Cboe Global Markets(NASDAQ:CBOE) rolls out a bitcoin futures contract on Dec. 10.

2. Cboe’s bitcoin futures contract will trade under the ticker symbol ‘XBT’ and will be cash-settled based on the auction price from cryptocurrency exchange Gemini, Cboe said on Monday. (reut.rs/2BvXvwu)

3. Cboe plans to reapply with the U.S. Securities and Exchange Commission to launch a bitcoin ETF, Chief Executive Officer Ed Tilly said in an interview on Friday.

4. TD Ameritrade, which has publicly declared it will allow its clients to trade bitcoin futures, prices futures trades at $2.50 per contract, whereas stock commissions are $6.95.

To help guard against excessive volatility, both Cboe and CME plan to have intraday price limits and initial margin rates of 30 and 35 percent respectively.

Nasdaq Inc also plans to list a futures contract based on bitcoin in 2018.

More details here

https://www.fool.com/investing/2017/12/07/bitcoin-futures-5-things-to-know-about-cboe-bitcoi.aspx

 

By | 2017-12-09T14:32:27+00:00 December 9th, 2017|Uncategorized|0 Comments