• Press Releases
    • Submit a press release
    • Read All
  • Advertise
  • Contact us
Price & Market
Cap Data from
Nomics Logo Nomics Logo
Bitcoinist.com
Join Student Coin ICO
No Result
View All Result
  • Home
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Press releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
    • Monero Price
    • MimbleWimbleCoin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Btcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Trade
  • Play Games
  • Mining
  • Home
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Press releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
    • Monero Price
    • MimbleWimbleCoin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Btcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Trade
  • Play Games
  • Mining
Bitcoinist.com
No Result
View All Result
Nexo

Save the Date: CBOE to Launch Bitcoin Futures on the 10th of December

Nikita Blows by Nikita Blows
3 years ago
in Bitcoin, Bitcoin Price, Markets and Prices, News, News teaser
0

Beating competitors to the punch, CBOE has unveiled their plans to launch their Bitcoin futures contracts next week.


This has definitely been the year of the Bitcoin. The price of the most well-known cryptocurrency has grown by over 900%, with last week seeing it exceed the $10k mark. However, it’s upward trajectory is not over yet, with Coinmarketcap showing the currency trading at just over $11,900 at the time of writing this article. The $12k mark is within touching distance.

In addition to breaking through the seemingly non-existent, at least for Bitcoin, price ceiling, the currency is also well on its way to mainstream adoption and integration. Major financial institutions are seeing the true potential of Bitcoin, and cryptocurrencies in general, and are ready to book their seat on the lucrative Bitcoin bandwagon.

Could Cryptocurrencies Take Over the US Dollar as World Reserve Currency?

CBOE FIRST ON BOARD THE BITCOIN FUTURES TRAIN

One such company, the Chicago Board Options Exchange (CBOE), has recently announced that their Bitcoin futures trading will launch on the 10th of December at 5pm CT. Potential investors will be happy to know that the exchange is also offering free trading for the month of December. Trading will be on the CBOE Futures Exchange (CFE) under the ‘XBT’ ticker symbol.

5 BTC + 300 Free Spins for new players & 15 BTC + 35.000 Free Spins every month, only at mBitcasino. Play Now!

Even though CBOE announced the move in August, they did not provide an actual launch date. Ed Tilly, Chairman and CEO of CBOE Global Markets, said:

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. We are committed to encouraging fairness and liquidity in the Bitcoin market. To promote this, we will initially offer XBT futures trading for free.

Ed Tilly
Ed Tilly

CBOE has preempted Chicago Mercantile Exchange’s (CME) Bitcoin futures launch, with the latter’s product launching on the 18th of December, which gives CBOE a head start of just over a week. In addition, Nasdaq has also revealed its plans to launch their Bitcoin futures contracts in 2018.

As per CBOE’s agreement with Gemini, their XBT futures will be settled in cash based on Gemini’s USD auction price for Bitcoin. The Chief Executive Officer of Gemini, Tyler Winklevoss, says of the launch of the CBOE Futures Exchange:

Developing a regulated derivatives market is the next logical and crucial step towards advancing the broader digital asset market. We have been working for years to build infrastructure to grow the digital asset market and today’s news marks a significant milestone.

LUCRATIVE BENEFITS WITHOUT BUYING BITCOIN

Providing futures contracts will allow interested parties to invest in Bitcoin without having to actually buy Bitcoin. If the current trend is anything to go by, buying Bitcoin will be a very expensive endeavor in the not-too-distant future.

Novogratz Sets Next Target Price for Bitcoin at $40,000
Michael Novogratz

Hedge fund guru, Michael Novogratz, has predicted the price to “easily” reach $40k by the end of 2018. Some experts even predict the currency reaching the $100k mark by 2027.

However, futures provide a safer option in that investments are not based on holding onto actual Bitcoin, with its characteristic price volatility and unpredictability. It will instead be based on what the future price of Bitcoin could be. Potential investors will be able to benefit from Bitcoin with a greatly reduced level of risk.

Do you think offering Bitcoin futures contracts is the way to foster mainstream adoption? How do you think it will affect the price of Bitcoin? Let us know in the comments below!


Images courtesy of Bitcoinist archives, CBOE, and Pixabay.

ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.
BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?
Nikita Blows

Nikita Blows

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS
  • NAGA

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

Pages

  • Contact us
  • Editorial Policy
  • Advertise
© 2021 Bitcoinist.com. All Rights Reserved.
  • Home
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Press releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
    • Monero Price
    • MimbleWimbleCoin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Btcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Trade
  • Play Games
  • Mining

© 2021 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.