Here’s What You Should Know About Cboe’s Bitcoin Futures Launch

The largest US option provider, the Chicago Board Option Exchange (COE), is ready to launch its bitcoin-based futures products at 6.00 a.m. EDT. At present, investors and bookmakers are interested in what will happen during the launch of derivatives, because there is currently no open standard for such type of investment vehicle based on cryptrocurrency

Big Time Options Markets Are About to Shoot the Dice With Bitcoin

Cboe has planned to launch its Bitcoin derivative product. It will be sold under the ticker XBT. Many people are wondering how it will affect the current spot markets and the Bitcoin economy in a complete way. So far, the price has increased a bit, and many speculators believe that the favorable price is due to future forward markets.
Nobody can really predict how these derivatives will affect market cash market, but we can tell you what is expected this week.

What You Should Know About Cboe’s Futures

The futures will be available for trading starting on Sunday, 10 December 2010 at 6:00 AM EDT. Investors will be able to trade between 9: 30 and 4:15 pm EDT, and during the extended hours the trade will also be available. No bid quote is included in the contracts, as all exchanges are deposited in cash in USD at the time of settlement. However, the size of the contract is equivalent to "bitcoin" based on BTC USD price on Gemini Exchange. Investors of the period can buy a minimum of $ 10 per contract, which is linked to a specific period.

"The contract multiplier will be 1, so if any contract is trading on par of betoken, its value will be based on current prices - minimum tick for directional trade, non-spreading 10 points or $ 10 and one in business spread, "COO Russell Roads of COEE told last November

In Order to Purchase Bitcoin-Based Futures, You Need to Contact a Brokerage Firm

Betaqong Futures of Cboe will be established between January and March in three months, in which the closing date will be two working days maturity date from the third Friday of the month. Cboe may also list weekly contracts and quarterly contracts. Cut-off time for all orders, quotes, cancellations and changes in order for XBT futures will end on EDT at 3:14 PM.
Those who will be interested in investing in CTO from BITCOIN futures, they will be charged a base fee of $ 1 for a contract, but for the remaining December, the company exempts fees. Individuals and organizations must contact their brokerage firm to buy the XBT contract. However, at present, many financial institutions are not ready for the job of selling these futures contracts.
Institutional customers can buy XBTs from large brokerage firms such as Goldman Sachs and JP Morgan. However, these companies only offer bitcoin futures for a particular group of clients at this time.

Can a future be positive, negative, or betoken animals?
As mentioned above, nobody knows what these futures markets will do on the spot market prices already present. People believe that it will be positive, and many people think that it will be negative, and others believe that the unstable price of bitcoin will be enough to "subdue".
How do you think that the CBE futures market will affect prices of Bitcoin Spot? Do you consider it a positive step for decentralized or negative currency? Tell us in the comments below

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