Join Our Mailing List
Sunday January 29, 2023
Bitcoin (BTC) $23,220.22   Ethereum (ETH) $1,594.53
  • Events
  • News
    • Blockchain Technology
    • Capital Raising
    • Crypto Exchanges
    • Crypto Payments
    • Gaming & Betting
    • Investment Management
    • M&A
    • Mining
    • Networks & Protocols
    • Security
    • Vendor Technology
    • Wallets
Trezor Model T
CryptoNinjas
  • Crypto & Blockchain Links
  • Real-Time Market Data
  • Bitcoin ATM Map
  • Token Offerings/Listings
No Result
View All Result
CryptoNinjas
Home Bitcoin

CME Group bitcoin futures to launch December 18

Published by CryptoNinjas.net
12/01/2017
CME Group launching bitcoin futures December 18th

CME Group, who announced in late October the official launch of their much talked about bitcoin futures listing, today stated that it has self-certified the initial listing of its bitcoin futures contract for launch Monday, December 18th, 2017.

The new contract will be listed on and subject to the rules of CME. It will be available for trading on the CME Globex electronic trading platform and for submission for clearing via CME ClearPort, effective on Sunday, December 17, 2017, for a trade date of December 18.

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. Since November 2016, CME Group and Crypto Facilities Ltd. have calculated and published the BRR, which aggregates the trade flow of major bitcoin spot exchanges during a calculation window into the U.S. Dollar price of one bitcoin as of 4:00 p.m. London time. The BRR is designed around the IOSCO Principles for Financial Benchmarks. Bitstamp, GDAX, itBit, and Kraken are the constituent exchanges that currently contribute the 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, CME Group Chairman and Chief Executive Officer.

“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.”

164
SHARES
FacebookTwitterLinkedinRedditE-MailTelegram

Related News

CME Group set to list euro-denominated Bitcoin (BTC) and Ether (ETH) futures

08/04/2022
CME Group set to list euro-denominated Bitcoin (BTC) and Ether (ETH) futures

CME Group, a leading derivatives marketplace, today announced its plans to expand further its cryptocurrency derivatives offering with the introduction of Bitcoin and Ether futures denominated in EUR on Monday, August 29th, pending regulatory...

Read more

March 28: CME Group launching options on Micro Bitcoin and Micro Ether futures

03/01/2022
March 28: CME Group launching options on Micro Bitcoin and Micro Ether futures

CME Group, a leading derivatives marketplace, today announced its plans to launch options on Micro Bitcoin and Micro Ether futures on March 28th. The new Micro Bitcoin and Micro Ether options contracts will be...

Read more

CME Group to go live with Micro Ether (ETH) futures on Dec 6

11/02/2021
CME Group to go live with Micro Ether (ETH) futures on December 6th

CME Group, one of the world's leading and most diverse derivatives marketplaces, today announced it will expand its crypto derivatives offerings with the introduction of Micro Ether futures on December 6th. Sized at one-tenth...

Read more

CME Group to launch Micro Bitcoin futures on May 3rd

03/30/2021
CME Group to launch Micro Bitcoin futures on May 3rd

CME Group, a leading and most diverse derivatives marketplace, today announced it will expand its suite of crypto derivatives with the introduction of a new Micro Bitcoin futures contract on Monday, May 3rd. Micro...

Read more
Load More
Leave Comment

Where to Exchange

Leading crypto suite in Spain & LATAM Visit
European bitcoin exchange Visit
Swap & buy 150+ cryptocurrencies Visit
First U.S. regulated BTC exchange Visit
  • Trending
  • Latest
Trust Wallet launches anticipated browser extension of its crypto management app

Trust Wallet launches anticipated browser extension of its crypto management app

11/14/2022
Crypto derivatives exchange Deribit to put in place trade surveillance platform from Eventus

Crypto derivatives exchange Deribit to put in place trade surveillance platform from Eventus

01/24/2023
6 Best Cloud Mining Platform In 2022

6 Best Cloud Mining Platform In 2022

11/20/2022
Where Exactly Can You Spend Monero Cryptocurrency?

Where Exactly Can You Spend Monero Cryptocurrency?

10/20/2021
Crypto derivatives exchange Deribit to put in place trade surveillance platform from Eventus

Crypto derivatives exchange Deribit to put in place trade surveillance platform from Eventus

01/24/2023
Crypto exchange Gemini launches new electronic OTC trading solution

Crypto exchange Gemini launches new electronic OTC trading solution

01/19/2023
Crypto securitization platform-GenTwo links to all Coinbase assets

Crypto securitization platform GenTwo links to all Coinbase assets

01/14/2023
Blockchain ecosystem ThunderCore teams with Huobi and MyCointainer in node expansion

Blockchain ecosystem ThunderCore teams with Huobi and MyCointainer in node expansion

01/05/2023
  • Home
  • Directory
  • Data
  • About
  • Contact
SUBSCRIBE

© 2016 - 2023 CryptoNinjas Disclosures | Privacy Policy

  • Home
  • Crypto Links
  • Market Data
  • Blockchain Tech
  • Exchanges
  • Capital Raising
  • Vendor Technology
  • Token Offerings/Listings
  • Payments
  • Wallets
  • Bitcoin ATM Map
  • Conferences & Events
  • About
  • Contact
No Result
View All Result

© 2016 - 2023 CryptoNinjas Disclosures | Privacy Policy