• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to footer
  • Upcoming Events
    • Paris Blockchain Week (March 20-24, 2023)
    • GAIN Expo, Amsterdam (May 4-5, 2023)
    • CRYPTOVSUMMIT, Dubai (May 10, 2023)
    • TMRW, Belgrade (May 12-14, 2023)
    • Blockchain Expo North America, Santa Clara (May 17-18, 2023)
    • COMEX, Oman (May 22-25, 2023)
    • WFIS, Nigeria (June 6-7, 2023)
    • Crypto Expo Asia, Singapore (June 7-8, 2023)
    • BLOCK3000: Blockchain Battle, Lisbon (July 6-7, 2023)
    • NFT Show Europe, Valencia (July 14-15, 2023)
    • CyFrica, Kenya (July 18-19, 2023)
    • TOKEN2049, Singapore (September 13-14, 2023)
    • Blockchain Expo Europe, Amsterdam (September 26-27, 2023)
    • Future Tech Event, Oman (November, 2023)
  • Past Events
    • Event Horizon
    • Blockchain Life
    • BlockShow Europe

Crypto Reporter

Online magazine about cryptocurrencies, NFTs, DeFi, GameFi and other blockchain technologies


Join us on Telegram: https://t.me/crypto_reporter
Visit Radical Finance Asia on May 28-31, 2023
  • News
    • News Feed
    • Cryptocurrencies
      • Bitcoin
      • Altcoins
    • Payment solutions
    • Exchanges
      • Binance
      • bitFlyer
      • Bitfinex
      • CBOE
      • CME
      • Coinbase
      • Coincheck
      • Coinfloor
      • Nasdaq
      • Poloniex
    • Regulations
      • Australia
      • Belarus
      • China
      • Europe
      • India
      • Iran
      • Israel
      • Japan
      • North Korea
      • Philippines
      • Portugal
      • Russia
      • South Korea
      • Thailand
      • Turkey
      • Venezuela
      • Vietnam
      • United States
    • Blockchain platforms
    • Crypto news in brief
    • Stats & trends
    • Reviews
      • Ambrosus
      • ATN
      • Dash
      • Green Power Exchange
      • Power Ledger
      • ShapeShift
      • Waltonchain
      • Cryptocurrency market capitalization can top 4 trillion USD, under conservative estimates
    • Opinion
    • Sponsored
  • Press Releases

CFTC approves CME and CBOE to trade bitcoin futures

December 7, 2017 By Crypto Reporter

The US Commodity Futures Trading Commission revealed that CME (Chicago Mercantile Exchange) and CBOE (Chicago Board Options Exchange) had been approved to list bitcoin futures.

CME Group immediately announced the start of trading bitcoin futures as of December 17, 2017. 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. Bitstamp, GDAX, itBit and Kraken are the constituent exchanges that currently contribute pricing data for calculating the BRR.

“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, chairman and CEO of CME Group. “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 percent, position and intraday price limits, and a number of other risks and credit controls that CME Group offers on all of its products.”

CBOE Futures Exchange will trade bitcoin futures under the ticker symbol ‘XBT’ as of December 10, 2017. The exchange will offer zero-percent comission for the rest of the month to attract additional interest and provide higher liquidity for transactions.

“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,” said Ed Tilly, chairman and CEO of CBOE Global Markets.

Cantor, an exchange, was also approved by the CFTC to provide bitcoin binary options to its clients.

More news:

  • El Salvador approves $150 million trust fund to support bitcoin adoption, buys 400 BTC
    El Salvador approves $150 million trust fund to support bitcoin adoption, buys 400 BTC
    September 7, 2021
  • Soros Fund Management to trade bitcoin
    Soros Fund Management to trade bitcoin
    July 5, 2021
  • Iran approves crypto payments for imports
    Iran approves crypto payments for imports
    September 5, 2022
  • FTX acquires regulated crypto futures and options exchange LedgerX
    FTX acquires regulated crypto futures and options exchange LedgerX
    October 27, 2021
  • Hong Kong to issue crypto exchange licenses and allow retail investors to trade coins
    Hong Kong to issue crypto exchange licenses and allow retail investors to trade coins
    February 27, 2023
  • The first U.S. bitcoin ETF begins trading
    The first U.S. bitcoin ETF begins trading
    October 20, 2021

Filed Under: General News, News Tagged With: bitcoin, BTC, CBOE, CFTC, CME, cryptocurrency, derivatives, exchanges, futures

Primary Sidebar

Follow Us

Press Releases

EasyA partners with Solana Foundation to launch world’s first mobile crash course for Solana developers

March 24, 2023

Native and Mintbase Power Supermoon Tower, ETH Denver’s Most Attended Event

March 24, 2023

The Graph Integrates Banxa to Increase Access to Blockchain Data

March 24, 2023

World Blockchain Summit Set the Stage for a Decentralized Future with Ground-breaking Insights and Collaborations

March 24, 2023

Near partners with WEMADE to support blockchain app development

March 24, 2023

GAIN Expo 2023

Blockchain Expo North America 2023

COMEX 2023

WFIS 2023

CyFrica 2023

Blockchain Expo Europe 2023

Blockchain Expo Global 2023

Footer

Crypto Reporter is an online magazine about cryptocurrencies, NFTs, DeFi, GameFi and other blockchain technologies
About us
Contact us
Submit press-release

Search

2017-2023 Crypto Reporter