ErisX’s physically-delivered bitcoin futures contract to begin trading

ErisX, a CFTC-registered derivatives clearing organization (DCO), today announced the launch of its futures market, starting with a physically-delivered Bitcoin futures contract.

Digital asset futures products will be traded alongside ErisX’s digital asset spot market on a unified platform providing price transparency and collateral efficiencies. Investors will also be able to access the ErisX futures contracts starting next year via futures commission merchants (FCMs).

“We met aggressive goals this year as we closed funding, strengthened the team, secured state-level money transmitter licenses, and also developed modern infrastructure including a brand new matching engine and futures clearing system from scratch. After the Commodity Futures Trading Commission (CFTC) granted us a Derivatives Clearing Organization (DCO) license this summer, we have been focused on our offering and are thrilled to be ending the year with the launch of our futures market.”
– Thomas Chippas, CEO of ErisX

Physically Settled Futures

ErisX’s physically delivered bitcoin futures contracts are traded at and cleared through its CFTC regulated Designated Contract Market (DCM) and Derivatives Clearing Organization (DCO).

Description A fully funded physically settled futures contract for Bitcoin
Contract Symbol BTC
Contract Size 0.1 Bitcoin
Price Quotation USD per 1 Bitcoin
Minimum Price Increment $ 1.00 per Bitcoin ($0.10 per contract)
Listed Contracts ErisX will start with monthly and quarterly contracts
Settlement Physical Delivery
Trading Hours Regular Trading Hours as determined by the Exchange from time to time
Daily Closing Time 16:00 (CT)
Last Trading Day/Time Monthly – 10:00 (CT) Last Friday* of the contract month
*Preceding business day if the day falls on a non-business day
Position Limit 200,000 Contracts
Large Trader Reporting 50 Contracts
Collateral Withheld Buyer: No. of Contracts * Contract Size * Trade Price
Seller: No. of Contracts * Contract Size
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