CBOE plans to launch bitcoin futures, announces agreement with Winklevoss brothers’ digital currency exchange
- CBOE Holdings and Gemini Trust announced an agreement Tuesday for subsidiary CBOE and its affiliates to use Gemini’s bitcoin market data to create bitcoin trading products.
- CBOE plans to offer cash-settled bitcoin futures as early as the fourth quarter of 2017, pending regulatory review.
- The news follows the U.S. Commodity Futures Trading Commission’s approval in late July for a U.S. firm to offer bitcoin options.
digital currency exchange The Chicago Board Options Exchange, the largest U.S. options exchange, is planning to launch its own bitcoin derivatives trading products by early next year.
Pending review from the U.S. Commodity Futures Trading Commission, the CBOE Futures Exchange (CFE) plans to offer cash-settled bitcoin futures in the fourth quarter of this year or sometime in early 2018, according to a Tuesday announcement.
digital currency exchange
The CFTC told CNBC in a statement that, “to date, the Commission has not received a filing for a bitcoin futures contract from the CFE.”
Designated contract markets like CFE do not necessarily need prior approval from the CFTC in order to list a product for trading, according to the commission’s website. Rather, those designated markets can list trading products by filing a self-certification with the commission one business day before the initial listing.
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