twitter facebook linkedin

Bitcoin Futures to Launch Dec. 18

CME Group, the world’s leading and most diverse derivatives marketplace, today announced that is has self-certified the initial listing of its Bitcoin futures contract to launch Monday, December 18, 2017.

 

“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 CEO. “Though we have worked through a lengthy, comprehensive process with the CFTC to get to this point, we recognize bitcoin is a new, uncharted market that will continue to evolve, requiring continued collaboration with the Commission and our clients going forward. At launch, our new Bitcoin futures contract will be subject to a variety of risk management tools, including an initial margin of 35%, position and intraday price limits, and a number of other risk and credit controls that CME Group offers on all of its products.”

 

CME Group’s Bitcoin futures will be cash-settled, based on the CME CF Bitcoin Reference Rate (BRR), which serves as a once-a-day reference rate of the U.S. dollar price of bitcoin. The BRR uses constituent exchanges Bitstamp, GDAX, itBit and Kraken for pricing data to calculate the rate.

 

For contracts specifications, visit HERE.

 

Contact one of our market strategists for more information on trading Bitcoin futures with Ironbeam.

live demo of our trading platform arrow down

Sign up for a FREE 14 day trial of the FIRETIP online trading platform

Please note that the demo does not account for commissions and fees that would be charged in a live account.